Answer:
$8507.50
Step-by-step explanation:
compounding formula
A=P(1+r/n)^nt. P= original amount A= accumulation n=times compounded t= years
$10000=P(1+0.0055/12)^12x3
rearrange for P
$10000/(1+0.0055/12)^12x3=P
calculate in order of operations
$10000/(1.0045)^36=P
$10000/1.1755=P
final step divide
$8507.50=P
hope this works :)
