Answer:$4941.02
Step-by-step explanation:
Compound interest =A=P(1+r/n)^nt
A=amount
p=principal
R,=rate in decimal
N=number of times interest is compounded which is 12months in a year .
T=time (years)
A=3000(1+0.05/12)^12×10
A=3000(1.004166)^120
A=3000(1.647009)
A=$4941.02
