Answer:
Approximately 23.91 acres of farmland after 64 years.
Step-by-step explanation:
A town has 15 acres of farmland.
It plans to increase 6% every 8 years.
We can set up equation for the increase.
A=P[tex](1+r)^{\frac{t}{8} }[/tex]
From the given information
P= 15
r=0.06
t=64
Plug in these values into the formula
A=15[tex](1+0.06)^{\frac{64}{8} }[/tex]
Simplify it
A=15[tex](1.06)^{8}[/tex]
Simplify further
A=23.90772...
Approximately 23.91 acres of farmland after 64 years.
