Answer:
C - 376.76
Step-by-step explanation:
each year, multiply the previous year's amount by 1.03 - the 1 because it will be increasing and the .03 because it will be increasing by 3% (.03 = 3% in decimal form)
year 0: 325
year 1 (+3%): 325 x 1.03 = 334.75
year 2 (+3%): 334.75 x 1.03 = 344.79
year 3 (+3%): 344.79 x 1.03 = 355.14
year 4 (+3%): 355.14 x 1.03 = 365.79
year 5 (+3%): 365.79 x 1.03 = <u>376.76</u>
