Question

An amount of $1,000 is deposited into a bank account that pays 5% annual interest. If there are no withdrawals or deposits, what will be the balance of the account
after 3 years?
Your answer:
$1061.21
$1092.73
$1124.86
$1157.63

Answer 1

Answer:

$1124.86

Step-by-step explanation:

if wrong will give points back with brainlyest

if right can i get brainlyest

Answer 2

A = P( 1 + r/n) ^ nt

A = 1000 ( 1 + 0.05 / 1) ^3

A = 1157.63

Answer is the last one