Answer:
92.727
Step-by-step explanation:
The formula for compound interest is [tex]P((1+i)^{t} -1)[/tex], where P is the principal amount, i is the interest rate and t is the time. Sub your values into this formula to find your answer.
1000((1+0.03)³-1)
1000(1.03³-1)
1000(1.092727-1)
92.727
1000(0.092727)
