Mathematics, 01.06.2021 21:00, jodonw1955

PLEASE HELP ME I WILL GIVE BRAINLIEST TO WHOEVER GETS RIGHT Anthony deposits 1,250 in a savings account with an interest rate of 6% if the Interest rate is compounded monthly than the account balance after t years is given by the expression below 1250(1+0.06/12)^12t what does (1+0.06/12t) represent

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PLEASE HELP ME I WILL GIVE BRAINLIEST TO WHOEVER GETS RIGHT Anthony deposits 1,250 in a savings acc...