Answer:
The money that will be in her account in 15 years is $4965.84
Step-by-step explanation:
Given data
Principal p= $3800
rate r= 1.8% - - - - - - 1.8/100=0.018
Time t= 15 years
Final amount A=?
The model that describes the e amount in the account is the compound interest model
A = P(1 + r)^t
Substituting our given data into this model we have
A= 3800(1+0.018)^1 5
A=3800(1.018)^15
A=3800*1.3068
A= $4965.84
