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1218x_{12}
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1218x_{12}
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1200\left(1+0.015\right)x_{12}
Multiply 100 and 12 to get 1200.
1200\times 1.015x_{12}
Add 1 and 0.015 to get 1.015.
1218x_{12}
Multiply 1200 and 1.015 to get 1218.
1200\left(1+0.015\right)x_{12}
Multiply 100 and 12 to get 1200.
1200\times 1.015x_{12}
Add 1 and 0.015 to get 1.015.
1218x_{12}
Multiply 1200 and 1.015 to get 1218.
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