Answer:
Step-by-step explanation:
First, we need to calculate how many years will earn percent.
2010---->2025= 15 years elapsed. Now we have our time, we need to plug it in our compound interest formula=
Principal(rate+1)^time or A=P(1+R)^t
10,000(0.085+1)^15
=$33,997.43
To calculate how much Cam earned, you need to subtract from original amount.
=$33,997.43-10,000=
---->$23997.43
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