Solution - Compound interest (basic)

3707.99

3707.99

Step-by-step explanation

Use $A = P {(1 + r / n)}^{(n t)}$ with $P = 2, 749$ , $r = 1 %$ , $n = 2$ , $t = 30$ .

Compute period rate and exponent: $\frac{r}{n} = 0.005$ , $n t = 60$ , so the growth factor is $1.3488501525$ .

Multiply principal by growth factor: $2, 749$ × $1.3488501525$ = $3707.99$ .

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