Assume you put $31,000 in the bank on September 29, 2012. The interest earned for the first year was 10%, compounded annually. The interest earned for the second year was 10%, compounded annually. The interest earned for the third year was 40%, compounded annually. How much do you have on September 29, 2015?

1. $41,261

2. $53,568

3. $52,514

4. $85,064

5. none of the above