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3 years ago

6

A local farm has raised $3,300 from their annual maple syrup festival. The owner of the farm decided to invest this money into a

n account. The account earns 1.8% annually. How much total money would be in the account after 5 years?

1 answer:

myrzilka [38]3 years ago

7 0

Total = Principal * (1 + rate)^years
Total = 3,300 * (1.018)^5
Total = 3,300 * <span> <span> <span> 1.0932988468 </span> </span> </span>
Total = <span> <span> <span> 3,607.8</span></span></span>9

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