Answer:
$1331 compounded annually after three years
Explanation:
Given the following question:1000 dollars invested (princpal)....You invest that 1000 dollars for three years (time)....Assuming it's compounded annually we need to substitute the values into the formula to calculate compound interest.Which means after a intital investment of 1000 dollars you will have "1331 dollars" after three years compounded annually.Hope this helps.
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