Solution - Compound interest (basic)

163561.37

163561.37

Step-by-step explanation

Use $A = P {(1 + r / n)}^{(n t)}$ with $P = 5, 671$ , $r = 13 %$ , $n = 12$ , $t = 26$ .

Compute period rate and exponent: $\frac{r}{n} = 0.0108333333$ , $n t = 312$ , so the growth factor is $28.8417164921$ .

Multiply principal by growth factor: $5, 671$ × $28.8417164921$ = $163561.37$ .

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