Solve y=12,000(1-0.03/2)^2*1

$$y = 12,000 ( 1 - \frac { 0.03 } { 2 } ) ^ { 2 \cdot 1 }$$

Solve for y

$$y=11642.7$$

Steps for Solving Linear Equation

Expand \frac{0.03}{2} by multiplying both numerator and the denominator by 100.

$$y=12000\left(1-\frac{3}{200}\right)^{2\times 1}$$

Subtract \frac{3}{200} from 1 to get \frac{197}{200}.

$$y=12000\times \left(\frac{197}{200}\right)^{2\times 1}$$

Multiply 2 and 1 to get 2.

$$y=12000\times \left(\frac{197}{200}\right)^{2}$$

Calculate \frac{197}{200} to the power of 2 and get \frac{38809}{40000}.

$$y=12000\times \frac{38809}{40000}$$

Multiply 12000 and \frac{38809}{40000} to get \frac{116427}{10}.

$$y=\frac{116427}{10}$$

Assign y

$$y≔11642.7$$