# RE4 | openai/gpt-5.4-mini | run 1

## 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

After 3 years, the balance is **$1,157.63**. Using annual compounding, the formula is \( A = P(1+r)^t \), so \( A = 1000(1.05)^3 \).

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

\[
A = 1000(1.157625)
\]

\[
A = 1157.625
\]

Rounded to the nearest cent:

\[
\boxed{\$1,157.63}
\]

Would you like me to show how the balance changes year by year?
