Verified Answer :

After 1 year
5000 (106.3 / 100)
$ 5315

After 2 years
5315 * (106.3 / 100)
$
 5649.845

After 2 years
5649.845
(106.3 / 100)
$ 6005.785

So the amount you have in 3 years
$
6006

For this specific problem, you will have $6040.20 in
the account after 3 years. I am hoping that this answer has satisfied your
query about and it will be able to help you, and if you’d like, feel free to
ask another question.