Jane deposited $10,000 into her bank account in december, 2011. her account earns interest at a rate of 3% compounded monthly. how much money will she have in december of this year (2019)?

$ 12708.68

Step-by-step explanation:

The Principal = $10,000

rate = 3%

Years = 2019 - 2011

therefore, years = 8

Since , it is compounded monthly , we will use the formula

A = P

Where A is the amount

P = Principal

r = rate

k = 12 , since it is compounded monthly

N = number of years

Substituting the values , we have

A = 10000

A = 10000

A = 10000

A = 10000(1.270868467)

A = $12708.68467

Therefore , she will have $ 12708.68 in December , 2019

marco saved more.   he saved $35 more.

step-by-step explanation:

1+2+3+4+5+6+7+8+9+10 = 55

2*10 = 20

55-20 = 35