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otez555 [7]
3 years ago
13

A grandmother deposited $4,000 in an account that pays 5% per year compounded annually when her granddaughter was born. What wil

l the value of the account be when the granddaughter reaches her 13th birthday?
Mathematics
1 answer:
Leya [2.2K]3 years ago
4 0
A = P (1 + r/n)^nt
A = 4000(1 + 0.05/1)^(13)(1)
A = $7542.59
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Step-by-step explanation:

Step 1:

Last year, 3\frac{1}{2} acres i.e 3.5 acres produced 14,700 pounds of strawberries. So we need to determine how many strawberries were produced per acre.

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The number of strawberries produced per acre= \frac{14,700}{3.5} = 4,200 pounds.

Step 2:

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The number of strawberries produced in 5 acres= 5(4,200) = 21,000 pounds.

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Step-by-step explanation:

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Step-by-step explanation:

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Step-by-step explanation:

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