An amount of $1,000 is deposited into a bank account that pays 5% annual interest. If there are no withdrawals or deposits, what

Question

3 years ago

11

will be the balance of the account
after 3 years?
Your answer:
$1061.21
$1092.73
$1124.86
$1157.63

2 answers:

Nastasia [14] · Answer 1 · 2022-08-10T15:06:51+03:00

4 0

Answer:

$1124.86

Step-by-step explanation:

if wrong will give points back with brainlyest

if right can i get brainlyest

nekit [7.7K] · Answer 2 · 2022-08-10T16:45:43+03:00

4 0

A = P( 1 + r/n) ^ nt

A = 1000 ( 1 + 0.05 / 1) ^3

A = 1157.63

Answer is the last one