Solution - Compound interest (basic)

13521.79

13521.79

Step-by-step explanation

Use $A = P {(1 + r / n)}^{(n t)}$ with $P = 11, 898$ , $r = 13 %$ , $n = 4$ , $t = 1$ .

Compute period rate and exponent: $\frac{r}{n} = 0.0325$ , $n t = 4$ , so the growth factor is $1.1364759282$ .

Multiply principal by growth factor: $11, 898$ × $1.1364759282$ = $13521.79$ .

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