Solution - Compound interest (basic)

113575.34

113575.34

Step-by-step explanation

Use $A = P {(1 + r / n)}^{(n t)}$ with $P = 2, 469$ , $r = 15 %$ , $n = 4$ , $t = 26$ .

Compute period rate and exponent: $\frac{r}{n} = 0.0375$ , $n t = 104$ , so the growth factor is $46.0005431838$ .

Multiply principal by growth factor: $2, 469$ × $46.0005431838$ = $113575.34$ .

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