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Jack has $1,331 in an account that earns 5% interest compounded annually. To the nearest cent, how much will he have in 3 years?

Jack has $1,331 in an account that earns 5% interest compounded annually. To the nearest cent, how much will he have in 3 years?
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21 votes
Jack has $1,331 in an account that earns 5% interest compounded annually.

To the nearest cent, how much will he have in 3 years?

User Sanatsathyan
by
8.9k points

2 Answers

13 votes

Answer: 1540.80

Step-by-step explanation: i got it right on my ixl

User Ketan Bhavsar
by
8.0k points
5 votes

Answer:

$1540.80

Explanation:

User Purple Hexagon
by
8.3k points
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