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:
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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