Answer:
Step-by-step explanation:
Hello Digxity
We start off with the compound interest formulae which is P(1+r/n)^nt
P = 15000
r = 3. 25 / 100
n = 1 since its annually its compounded only once for the 11 years
t = 11 for the 11 years
So the solution will be
$15000(1.0325/1)^1*111
Answer will be $21,324.65
to the nearest dolldollar will be $21,325
Hope this helped
