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12000\left(1+0.12\right)^{1\times 1}
Anything divided by one gives itself.
12000\times 1.12^{1\times 1}
Add 1 and 0.12 to get 1.12.
12000\times 1.12^{1}
Multiply 1 and 1 to get 1.
12000\times 1.12
Calculate 1.12 to the power of 1 and get 1.12.
13440
Multiply 12000 and 1.12 to get 13440.