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aniyah invested $15,000 for 7 years at 6.5% interest. find the total amount she will receive.

use the compound interest formula. substitute values into the appropriate formula and solve for the unknown.

Compound interest formula = total = P(1+r/n)^nt

Where P = is the intial amount invested

r is the interest rate, n is the number of compounding periods per year and t is the number of years.

Total = 15000(1+0.065/1)^7

Total = 15000(1.065)^7

Total = $23,309.80

this is a very good question

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savings account is an account only used for saving money. this acts as an emergency source of funding for an individual. answer a would result in the money in his account to grow as it specifically states that interest is compounded daily at the rate of 2%

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