you deposit 3000 in an account earning 7% interest compound monthly. how much will you have in the account in 10 years

Y = a(1+x)^t/p

This is the compound growth formula.

y is total

a is initial amount

x is percent growth as decimal

t is total time

p is period of frequency

Always make t and p the same unit of time, so in this case we can turn both variables into months. There are 120 months in 10 years.

So,

y = 3000(1.07)^(120/1)

y = 10073365.15 dollars

The answer is 2 bro trust