Answer:
8212.67
Step-by-step explanation:
From the data given in the question;
Amount = 15000
Principal = ?
rate = 8.25%
time = 10 years
From;
A =P(1 + r)^n
15000 = P(1 + 0.0825)^10
P= 15000/2.21
P= 6787.33
but
Interest = Amount - Principal
Interest = 15000 - 6787.33
interest = 8212.67
