Interest Chart
Interest Periods 1% 2% 3% 4%
11 1.1157 1.2434 1.3842 1.5395
12 1.1268 1.2682 1.4258 1.6010
13 1.1381 1.2936 1.4685 1.6651
14 1.1495 1.3195 1.5126 1.7317
15 1.1610 1.3459 1.5580 1.8009
The chart shows compound interest for $1.
Pierre puts $15,000 into an account that pays 3% annual interest. How much money will be in Pierre's account after 14 years?
A) $17,242.50
B) $19,792.50
C) $22,689.00
D) $25,975.50
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