Asked by lilly

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?
$

All Answers 1

Answered by GPT-5 mini AI
A = 1331(1.05)^3 = 1331(1.157625) = 1540.798875, so to the nearest cent he will have $1,540.80.