Answer: $7,510.41
A = P (1+r/100)^n
A = [tex]80000 {(1 + \frac{0.6}{100} )}^{15} [/tex]
A= 87,510.41 (Approximate to two decimal places)
I = A-P
I = 87,510.41 - 80,000
I = 7,510.41
Note:
A=Total amount
P=Principal (Initial amount)
r= Rate of interest
n=Time
I= Interest
