Amount in savings account with monthly compound interest

[mimi88]

Homework Statement

If an amount of $1000 is deposited in a savings account that pays 3.2% interest per year compounded monthly, the amount in the account after nmonths is given by:

The amount in the account after 2 years (rounded to one decimal point) will be??

 

[phyzguy]

Two comments:

(1) We can't see the image you posted.

(2) You need to use the homework template and make an effort to solve the problem on your own before we can help.

 

[SammyS]

Homework Statement

If an amount of $1000 is deposited in a savings account that pays 3.2% interest per year compounded monthly, the amount in the account after nmonths is given by:

The amount in the account after 2 years (rounded to one decimal point) will be??

The Homework template looks the following.

Homework Statement

Homework Equations

The Attempt at a Solution

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[Mark44]

Thread closed due to no attempt shown and template not used.