$115.93
The formula is A = P (1 + r/n)^ (nt)
So A= 100(1+[.03/1])^5
A= 100* (1.03)^5
A= 100 (1.15927)
A= $115.93 (rounded to nearest cent)
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A = amount of interest
P= principle
r = interest rate
n= number of times compounded a year
t= time in years
