# RE4 | mistralai/mistral-small-2603 | run 2

## Prompt

You deposit $1,000 at 5% interest compounded annually. What is the balance after 3 years? Round to the nearest cent and show your work.

## Response

The balance after 3 years will be **$1,157.63**.

Compound interest calculation:
Year 1: 1000 × 1.05 = 1050
Year 2: 1050 × 1.05 = 1102.50
Year 3: 1102.50 × 1.05 = 1157.625 ≈ **$1,157.63**

Would you like a breakdown for a different compounding period (e.g., monthly) or additional years?
