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

first, we define the variables:

x: number of years after 1950

f (x): amount of vinyl sold.

then, with the variables defined, we have:

68594 vinyl records were sold in 1958 > f (8) = 68594

91299 vinyl records were sold in 1961 > f (11) = 91299

38720 vinyl records were sold in 1952 > f (2) = 38720

161743 vinyl records were sold in 1967 > f (17) = 161743

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step-by-step explanation: