Solution - Compound interest (basic)

330781.63

330781.63

Step-by-step explanation

Use $A = P {(1 + r / n)}^{(n t)}$ with $P = 22, 481$ , $r = 13 %$ , $n = 1$ , $t = 22$ .

Compute period rate and exponent: $\frac{r}{n} = 0.13$ , $n t = 22$ , so the growth factor is $14.7138307668$ .

Multiply principal by growth factor: $22, 481$ × $14.7138307668$ = $330781.63$ .

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