Answer :
Answer:
$1500
6% interest
Step-by-step explanation:
use the formula...
P(1+(r/100))^n
where P=initial amount
r=interest rate
t=time period elapsed
so ... for 5 years we get
$1500(1+(6/100))^5 = $1500(1.06)^5 = 2007.3383664
for 10 years
1500(1.06)^10 = 2686.271544814228043264
468 months = 39 years
1500(1.06)^39=14555.261231781943250017719606544