A principal of $4400 is invested at 8.25% interest, compounded annually. how much will the investment be worth after 15 year's?

A = $ 9,845.00

Equation:

A = P (1 + rt)

Calculation:

First, converting R percent to r a decimal

r = R/100 = 8.25%/100 = 0.0825 per year,

then, solving our equation

A = 4400 (1 + (0.0825 * 15)) = 9845

A = $ 9,845.00

The total amount accrued, principal plus interest,

from simple interest on a principal of $ 4,400.00

at a rate of 8.25% per year

for 15 years is $ 9,845.00.