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