One of the problems on my homework is:
Find the compound amount and compound interest is $10,000 is invested for 5 years at 12% interest compounded monthly.
$10,000*(1+.01)^60 and got $18,166.97.
-I know this is my compound Interest but I'm confused because the question says find the compound amount AND interest.
Is that all I do or do I have to keep going and do somthing else?