Spencer opened a savings account and deposited $10. the account pays 3.5% interest and compounds the interest monthly. how much money will spencer have after 10 years? **n=12 because it is compounded monthly.

Step-by-step explanation:

we know that    

The compound interest formula is equal to  

where  

A is the Final Investment Value  

P is the Principal amount of money to be invested  

r is the rate of interest  in decimal

t is Number of Time Periods  

n is the number of times interest is compounded per year

in this problem we have  

substitute in the formula above  

  2087568668/1  

step-by-step explanation:

x=4

step-by-step explanation: