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8000\left(1+0.03\right)^{2}
Anything divided by one gives itself.
8000\times 1.03^{2}
Add 1 and 0.03 to get 1.03.
8000\times 1.0609
Calculate 1.03 to the power of 2 and get 1.0609.
8487.2
Multiply 8000 and 1.0609 to get 8487.2.