Answer:
$15,674
Explanation:
Principal amount = $ 15,217
Interest rate = 12 percent per year.
Calculating interest per year
=(12/100)x$ 15,217= $ 1,826.04
Calculating interest for 90 days
=(90/360)x $1,826.04 = $456.50
Total payment at maturity will be principal amount plus interest
i.e $ 15,217 +$456.50 = $15, 673.5
1.e $15, 674
