Joan invests $800 at 12 1/2% per annum compound interest monthly. What is the amount of interest at the end of the first year? plz help me do this question?

Interest at the end of the first year is $105.93

Step-by-step explanation:

$800 at 12.5% APR compounded monthly.

Interest at the end of the year

= $800 *( (1+0.125/12)^12 - 1 )

= $800 * 0.132416

= $105.93

answer: what equations are there

step-by-step explanation:

the answer is 0.3175 hope that you ^w^

also you might actually want to put this picture up if you want people to solve it luckily i remember this question