Solution - Compound interest (basic)

22569.38

22569.38

Step-by-step explanation

Use $A = P {(1 + r / n)}^{(n t)}$ with $P = 17, 588$ , $r = 1 %$ , $n = 2$ , $t = 25$ .

Compute period rate and exponent: $\frac{r}{n} = 0.005$ , $n t = 50$ , so the growth factor is $1.2832258149$ .

Multiply principal by growth factor: $17, 588$ × $1.2832258149$ = $22569.38$ .

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