Calculate the balance of your account after 15 years. Round your answer to the nearest hundredth.

$13,054.13

Step-by-step explanation:

You are going to want to use the continuous compound interest formula, which is shown below.

A = total

P = principal amount

r = interest rate (decimal)

t = time (years)

First, lets change 7.25% into a decimal:

7.25% -> -> 0.0725

Now, plug the values into the equation:

Your balance will be $13,054.13

step-by-step explanation:

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7 hours, 0 minutes, 0 seconds

or:  

0.04

total weeks

or:  

0.29

total days

or:  

7.00

total hours

or:  

420.00

total minutes

or:  

25,200.00

total seconds

step-by-step explanation: