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12000\left(1+\frac{1}{20}\right)^{2}
Reduce the fraction \frac{5}{100} to lowest terms by extracting and canceling out 5.
12000\times \left(\frac{21}{20}\right)^{2}
Add 1 and \frac{1}{20} to get \frac{21}{20}.
12000\times \frac{441}{400}
Calculate \frac{21}{20} to the power of 2 and get \frac{441}{400}.
13230
Multiply 12000 and \frac{441}{400} to get 13230.