You deposit $1,000 in the bank and leave it for five years at 3 percent annual interest,making no additional transactions on this account.At the end of the five years,you withdraw the principal and any accumulated interest; the amount you would withdraw would be
A) $1,000.
B) $1,030.
C) $1,150.
D) more than $1,150 but less than $1,500.
E) more than $1,500.
Correct Answer:
Verified
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