Question 1004873
Future Value= Present Value(1+rate/number of periods)^time
In this problem, because it's compounded annually, the number of periods is 1. Since any number divided by 1 equals the number:
FV= 110(1+.05/1)^15= 110(1+.05)^15= 110(1.05)^15= 110(2.08)= 228.80 is your answer.