Answer:
$52284
Step-by-step explanation:
Given data
Rate= 1.5%
Principal= $50,000
Time = 36 months = 3 years
For the final amount A, let us apply the compound interest formula
A= P(1+r)^t
subtsitute
A=50000(1+0.015)^3
A=50000(1.015)^3
A=50000*1.045678375
A=52284
Hence the balance after 36 months (3 years) is $52284
