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12000\left(1+\frac{1}{20}\right)^{3}
Reduce the fraction \frac{5}{100} to lowest terms by extracting and canceling out 5.
12000\times \left(\frac{21}{20}\right)^{3}
Add 1 and \frac{1}{20} to get \frac{21}{20}.
12000\times \frac{9261}{8000}
Calculate \frac{21}{20} to the power of 3 and get \frac{9261}{8000}.
\frac{27783}{2}
Multiply 12000 and \frac{9261}{8000} to get \frac{27783}{2}.