$3,000 is invested in an account that earns 3% annually interest, compounded monthly.
What is the value of the account after 10 years ?

Initial P, principal value is $3000

Year 1:  P(1)= 3000 + 3%(3000)

            P(1)= 3090

Year 2: P(1)= 3090 + 3%(3090)

           P(1)= 3182.70

etc.  

So in year 10, using the formula for compound interest, P(t)= P(1.03)t

P(10)= 3000(1.03)10

= 4031.75

need more information

step-by-step explanation:

1/3

step-by-step explanation:

to find this, you can divide 12 by 4 which is 3 or you can multiply 4 until you reach 12 (4x3=12). both should give you 3, meaning theres three times less bananas than there are oranges.