Lori deposits $10,000 in a savings account at 10% annual interest, compounded annually.
After 3 years, what is the balance on the account?	Choose the correct choice from the following choices.
A) 13310	B) 13410	C) 13510	D) 13610	E) 13710
The deposit of $10,000 increases by 10% every year. So use the formula for amount in case of CI.   13310mount = P*(1 + r/100)^n   13310mount = 10,000 * (1 + 10/100)^3   13310mount = 10,000*(1.1)^3   13310mount = 13310   13310NSWER:13310
<result>A</result>
Lori deposits $10,000 in a savings account at 10% annual interest, compounded annually.
After 3 years, what is the balance on the account?