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1000\times 1.050625+500\times 1.025
Calculate 1.025 to the power of 2 and get 1.050625.
1050.625+500\times 1.025
Multiply 1000 and 1.050625 to get 1050.625.
1050.625+512.5
Multiply 500 and 1.025 to get 512.5.
1563.125
Add 1050.625 and 512.5 to get 1563.125.