Question

Question #f7aeb

Answer 1

`$16,854`

Explanation:

Compound amount of principal `P` at applicable interest rate `r` for `n` years

`CA=P(1+(R)/100)^n`

Inserting given values we get
`CA=15000[1+(6/100)]^2`
`CA=15000(1.06)^2`
`CA=16854`