Answer:
$36091.83
Formula for Compund Interest:
FV = PV (1 +i)^n
FV = Future Value
PV = Present Value
i = Interest Rate
n = Number of Years
Calculations
A = 31000x(1+ 0.052)^3
Note: Use fraction value of Interest Rate i.e. Divide it by 100
A = $36091.83
