Solution - Compound interest (basic)

748067.55

748067.55

Step-by-step explanation

Use $A = P {(1 + r / n)}^{(n t)}$ with $P = 23, 052$ , $r = 14 %$ , $n = 12$ , $t = 25$ .

Compute period rate and exponent: $\frac{r}{n} = 0.0116666667$ , $n t = 300$ , so the growth factor is $32.4513080812$ .

Multiply principal by growth factor: $23, 052$ × $32.4513080812$ = $748067.55$ .

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