Solution - Compound interest (basic)

246163.76

246163.76

Step-by-step explanation

Use $A = P {(1 + r / n)}^{(n t)}$ with $P = 18, 262$ , $r = 12 %$ , $n = 4$ , $t = 22$ .

Compute period rate and exponent: $\frac{r}{n} = 0.03$ , $n t = 88$ , so the growth factor is $13.4795617962$ .

Multiply principal by growth factor: $18, 262$ × $13.4795617962$ = $246163.76$ .

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