$1000 earning 5.25% interest compounded annually for 3 years.

asked Feb 15, 2021 155k views

4 votes

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3 votes

Answer:

$1165.92

Explanation:

1000*5.25%=52.5

1000+52.5=1052.5

1052.5*5.25%=55.26

1052.5+55.26=1107.76

1107.76*5.25%=58.16

1107.76+58.16=1165.92

I could b very wrong here tho XD

Sers answered Feb 19, 2021

by Sers

4.4k points

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