Ask Question
28 February, 16:47

A local farm has raised $3,300 from their annual maple syrup festival. The owner of the farm decided to invest this money into an account. The account earns 1.8% annually. How much total money would be in the account after 5 years?

+5
Answers (1)
  1. 28 February, 17:05
    0
    Total = Principal * (1 + rate) ^years

    Total = 3,300 * (1.018) ^5

    Total = 3,300 * 1.0932988468

    Total = 3,607.8 9
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A local farm has raised $3,300 from their annual maple syrup festival. The owner of the farm decided to invest this money into an account. ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers