In a paint factory, an old conveyer line has filled 10 barrels of paint, and is filling more at a rate of 3 barrels per minute.
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Answer:
<h2>$3448.81</h2>Step-by-step explanation:
Using the compound interest formula to calculate the amount compounded after 10years.
P = principal = $2000
r = rate (in %) = 5.6%
t = time (in years) = 10years
n = 1year = time used in compounding
Amount compounded after 10 years is $3448.81