Solution - Compound interest (basic)

68973.44

68973.44

Step-by-step explanation

Use $A = P {(1 + r / n)}^{(n t)}$ with $P = 14, 919$ , $r = 14 %$ , $n = 12$ , $t = 11$ .

Compute period rate and exponent: $\frac{r}{n} = 0.0116666667$ , $n t = 132$ , so the growth factor is $4.6231945691$ .

Multiply principal by growth factor: $14, 919$ × $4.6231945691$ = $68973.44$ .

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