Answer
$13,952.30
Work Step by Step
The formula is:A=P(1+$\frac{r}{n}$$)^{nt}$
P=13500 which is the start amount
R=0.033 which is the rate(3.3%) in decimal
N=12 because it is the number of times compounded per year.
T=1 which is the time.
Substitute:
A=13500(1+$\frac{0.033}{12}$$)^{12(1)}$
A=13500(1.03)
A=13952.30
There would be about $13952.30 after 1 year.
