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A=10000\left(1+\frac{4}{1200}\right)^{12\times 1}
Expand \frac{0.04}{12} by multiplying both numerator and the denominator by 100.
A=10000\left(1+\frac{1}{300}\right)^{12\times 1}
Reduce the fraction \frac{4}{1200} to lowest terms by extracting and canceling out 4.
A=10000\times \left(\frac{301}{300}\right)^{12\times 1}
Add 1 and \frac{1}{300} to get \frac{301}{300}.
A=10000\times \left(\frac{301}{300}\right)^{12}
Multiply 12 and 1 to get 12.
A=10000\times \frac{553092726310835924575445943601}{531441000000000000000000000000}
Calculate \frac{301}{300} to the power of 12 and get \frac{553092726310835924575445943601}{531441000000000000000000000000}.
A=\frac{553092726310835924575445943601}{53144100000000000000000000}
Multiply 10000 and \frac{553092726310835924575445943601}{531441000000000000000000000000} to get \frac{553092726310835924575445943601}{53144100000000000000000000}.