Question 1035046
f = p * (1+r)^n


f is the future value
p is the present value
r is the interest rate per time period
n is the number of time periods.


your time periods are months.


rate = percent / 100.
10% = .1
.1 interest rate per year is equal to .1/12 interest rate per month.


formula of f = p * (1+r)^n becomes:
f = 100 * (1 + .1/12)^11 which becomes:
f = 109.5583207.