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3000\left(1+0.04\right)^{2}
Anything divided by one gives itself.
3000\times 1.04^{2}
Add 1 and 0.04 to get 1.04.
3000\times 1.0816
Calculate 1.04 to the power of 2 and get 1.0816.
3244.8
Multiply 3000 and 1.0816 to get 3244.8.