Find the compounded interest of P7,000 for 10 years at 6% compounded monthly.

$I = P(1 + i)^n - P$

$I = 7000\left( 1 + \dfrac{0.06}{12} \right)^{12(10)} - 7000$

$I = 12,735.78 - 70000$

$I = \text{P}5,735.78$