Respuesta :
$3828.85 is in the account at the end of 5 years which is correct option(B).
What is Compound interest?
Compound interest is defined as interest paid on the original principal and the interest earn on interest of principal.
p = $3000
r = 5%
t = 5 years
[tex]A = p(1+\frac{r}{100} )^t[/tex]
substitue the values of p,r and t in formula,
[tex]A = 3000(1+\frac{5}{100} )^5[/tex]
[tex]A = 3000(1+0.05} )^5[/tex]
[tex]A = 3000(1.05} )^5[/tex]
A = 3000(1.276)
A = 3828.85
Hence, $3828.85 is in the account at the end of 5 years.
Learn more about Compound interest
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