Ask Question
1 December, 17:09

Jane deposited $10,000 into her bank account in December, 2010. Her account earns interest at a rate of 3% compounded monthly. How much money will she have in December of this year (2018) ? Round your answer to the nearest whole number.

+1
Answers (1)
  1. 1 December, 17:16
    0
    10,000 (amount deposited) x. 03 (percent) = 300. 300 x 12 (because there are 12 months in a year) = 3,600. So she will have $3,600 by December from interest rate.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Jane deposited $10,000 into her bank account in December, 2010. Her account earns interest at a rate of 3% compounded monthly. How much ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers