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An amount of $1,000.00 is deposited in an account with an annual interest rate of 5%, compounded annually. What is the balance after 3 years? A. $1,050.00 B. $1,157.63 C. $1,159…

An amount of $1,000.00 is deposited in an account with an annual interest rate of 5%, compounded annually. What is the balance after 3 years? A. $1,050.00 B. $1,157.63 C. $1,159…
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An amount of $1,000.00 is deposited in an account with an annual interest rate of 5%,

compounded annually. What is the balance after 3 years?
A. $1,050.00
B. $1,157.63
C. $1,159.69
D. $1,161.83

asked
User Jfoliveira
by
8.0k points

1 Answer

4 votes
The answer is most likely A
answered
User Gagarine
by
8.1k points
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