The compund amount of investment is $16760.87 if the rate is 9.5% monthly for 6 years . What is the principal and compound interest?

Question

I neesd help figuing out the compound interest and the principal

Answer 1

I believe the question should read
The amount of an investment is $16760.87 and the rate is 9.5% per year, compounded monthly, for 6 years . What is the principal and compound interest?

16760.87 = P(1+.095/12)^6×12 so that the invested principal P is 16760.87/(1+.095/12)⁷² =9499.996=9500.00

The interest earned is 16760.87-9500=7260.87