# RE4 | anthropic/claude-haiku-4.5 | 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

$1,157.63

**Calculation:**

Using the compound interest formula: \( A = P(1 + r)^t \)

Where:
- \( P = 1000 \) (principal)
- \( r = 0.05 \) (annual interest rate)
- \( t = 3 \) (years)

\[ A = 1000(1 + 0.05)^3 \]

\[ A = 1000(1.05)^3 \]

\[ A = 1000(1.157625) \]

\[ A = 1157.625 \]

Rounded to the nearest cent: **$1,157.63**

Would you like to see how this compares to simple interest, or calculate a different scenario with different rates or time periods?
