Answer: 4,676.96Procedure:The formula for compounded interest is:

Future value = investment * factor
Interests = future value - investment
Where r is the monthly rate, which you calculate as the % yearly rate divided by 12.
And n is the number of months which is equal to the number of years times 12.
These are the calculations:



Future value = 3080.43 *2.518 = 7,757.39
Interests = 7,757.39 - 3080.43 = 4,676.96
<span>−3 1/4 x −1 1/2 in fractions
= -13/4x - 3/2</span>
It’s not that hard you just need to draw it.
It’s 12 because 12 divided by 3 is 6 6+7 is 13