Question

Simplify.
$600(1+0.03{)}^{12}$

Answer 1

Simplifying the expression:

Given, $600(1+0.03{)}^{12}$

Then, $1+0.03=1.03$

$(1.03{)}^{12}$, we need to multiply $1.03$, $12$ times

The answer for $(1.03{)}^{12}=1.4268$

Now, we will multiply $1.4268\times 600$

$600\times 1.4268\approx 856.08$.

Therefore, the value of $600\times (1.03{)}^{12}$ is $856.08$.