![\"\"](\"http://www.mathskey.com/userfiles/image/steps_images/step1.JPG\")
Find the principal amount ![\"\"](\"/test/fckeditor/editor/plugins/fckeditor_wiris/integration/showimage.php?formula=fcc7c55bd49f643ec1d9ecec2223a589.png\")
.
The rate of interest ![\"\"](\"/test/fckeditor/editor/plugins/fckeditor_wiris/integration/showimage.php?formula=94e32dab5911e8c9752772e824cbba33.png\")
.
The period of time ![\"\"](\"http://www.mathskey.com/test/fckeditor/editor/plugins/fckeditor_wiris/integration/showimage.php?formula=41c35fa1a904b522388acbbb800be3f8.png\")
years.
Compounded monthly ![\"\"](\"http://www.mathskey.com/test/fckeditor/editor/plugins/fckeditor_wiris/integration/showimage.php?formula=f4949482cb909c264ab516d31bf4dee1.png\")
times per year.
The total amount after 10 years is ![\"\"](\"/test/fckeditor/editor/plugins/fckeditor_wiris/integration/showimage.php?formula=c727f8c4f2308bd95dc85cd7673f652d.png\")
.
Compound interest formula amount ![\"\"](\"http://www.mathskey.com/test/fckeditor/editor/plugins/fckeditor_wiris/integration/showimage.php?formula=c61ee42c65dc91438dca1817c9d7c90d.png\")
.
The total amount is
\![\"\"](\"/test/fckeditor/editor/plugins/fckeditor_wiris/integration/showimage.php?formula=8326a1d03982229c68511f1151db48da.png\")
The principal amount is![\"\"](\"/test/fckeditor/editor/plugins/fckeditor_wiris/integration/showimage.php?formula=171c3ac2a07d1d5065e743cf2766df67.png\")
.
![\"\"](\"http://www.mathskey.com/userfiles/image/steps_images/solution.JPG\")
The principal amount is![\"\"](\"http://www.mathskey.com/test/fckeditor/editor/plugins/fckeditor_wiris/integration/showimage.php?formula=171c3ac2a07d1d5065e743cf2766df67.png\")
.