What is the deposit? How will you calculate the compound interest without knowing the deposit amount?
The formula for calculating compound interest is >>>>
M = P( 1 + I )^n
Where,
M is the final amount including the principal.
P is the principal amount.
I is the rate of interest per year.
N is the number of years invested
In your question, you haven't mention the Principal amount. Use my above given method to calculate compound interest.
Lets say the amount is $700
m = 700(1+0.12)^10 = 2174.09
This way you can solve the problem.
The formula for calculating compound interest is >>>>
M = P( 1 + I )^n
Where,
M is the final amount including the principal.
P is the principal amount.
I is the rate of interest per year.
N is the number of years invested
In your question, you haven't mention the Principal amount. Use my above given method to calculate compound interest.
Lets say the amount is $700
m = 700(1+0.12)^10 = 2174.09
This way you can solve the problem.
