Solution - Compound interest (basic)

73510.15

73510.15

Step-by-step explanation

Use $A = P {(1 + r / n)}^{(n t)}$ with $P = 21, 749$ , $r = 14 %$ , $n = 2$ , $t = 9$ .

Compute period rate and exponent: $\frac{r}{n} = 0.07$ , $n t = 18$ , so the growth factor is $3.3799322757$ .

Multiply principal by growth factor: $21, 749$ × $3.3799322757$ = $73510.15$ .

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