Solution - Compound interest (basic)

26736.07

26736.07

Step-by-step explanation

Use $A = P {(1 + r / n)}^{(n t)}$ with $P = 10, 401$ , $r = 5 %$ , $n = 4$ , $t = 19$ .

Compute period rate and exponent: $\frac{r}{n} = 0.0125$ , $n t = 76$ , so the growth factor is $2.5705285003$ .

Multiply principal by growth factor: $10, 401$ × $2.5705285003$ = $26736.07$ .

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Compound interest appears in savings, loans, and investments. Understanding it builds strong financial literacy.