How much money is earned by investing $10,000 for 5 years and 3 months at 3 1/5% annual interest, compounded monthly?

(i know how to do this but how do you put "5 years and 3 months" into a formula and how do you add it up to make 525? )

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  

1.677

step-by-step explanation:

i'm not good at explaining stuff but if you need an answer i'm here for you.

13

step-by-step explanation:

divide the cost of the total of sodas you bought by the cost of one soda, for example:

$24.57 divided by $1.89 is 13 which means you bought 13 sodas