Answer:
Clare account balance after one year will be $164.80
Step-by-step explanation
Interest = PRT/100
Principal P = $160, Rate r = 3%, and time t = 1 year
Interest = (160*3*1)/100
Interest =480/100
= $4.80
The total balance in Clare's account after 1 year will be $160 + $4.80
= $164.80
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