A bank account is opened with a deposit of \$50,000. At the end of each year, the account earns: 10% interest on the current balance, and 5% of the previous year's balance as bonus. No money is withdrawn. How much is in the account at the end of year 3?

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A bank account is opened with a deposit of \$50,000. At the end of each year, the account earns:

No money is withdrawn. How much is in the account at the end of year 3?

A) \$66,150

B) \$72,050

100%

D) \$67,000

C) \$65,000

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