Jamie deposited $1,000 into an account three years ago.The first two years she earned 5 percent interest,the third she earned 6 percent.How much money does she have in her account today?
A)$1,157.90
B)$1,168.65
C)$1,176.00
D)None of the above are correct to the nearest penny.

Question

Quizplus · Accepted Answer

After the first two years, Jamie had: 
$1000 x 1.05 x 1.05 = $1102.50 
After the third year, she had: 
$1102.50 x 1.06 = $1168.65
So Jamie has $1168.65 in her account today.

Jamie Deposited $1,000 into an Account Three Years Ago