Ayouth group has a yard sale to raise money for a charity. the group earns $800 but decides to put its money in the
bank for a while. calculate the amount of money the group will have given the following scenarios:
b. hot bank pays an interest rate of 3% compounded annually, and the youth group leaves the money in for 5
years.

The amount of money you will receive is $927.419

Step-by-step explanation:

Consider the provided information.

A youth group has a yard sale to raise money for a charity. The group earns $800 but decides to put its money in the  bank for a while.

We need to calculate the amount of money if hot bank pays an interest rate of 3% compounded annually, and the youth group leaves the money in for 5  years.

Future value can be calculated as:

Substitute PV=800, r=0.03 and n=5 in above equation.

Hence, the amount of money you will receive is $927.419

i dont know sorry

step-by-step explanation:

step-by-step explanation:

you can add the two numbers and divide the result by 2. or you can find the gap between the two numbers and add half of this to the smaller number.