## If $$\1000$$ was invested at an annual interest rate of $$5.6\%$$ compounded annually, which of the following represent

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### If $$\1000$$ was invested at an annual interest rate of $$5.6\%$$ compounded annually, which of the following represent

by VJesus12 » Thu Sep 09, 2021 8:06 am

00:00

A

B

C

D

E

## Global Stats

If $$\1000$$ was invested at an annual interest rate of $$5.6\%$$ compounded annually, which of the following represents the amount the investment was worth after $$3$$ years?

A. $$1000(1.056)(3)$$

B. $$1000(3+1.056)$$

C. $$1000(1+3(0.056))$$

D. $$1000(1+(0.056)^3)$$

E. $$1000(1.056)^3$$