Answer:
Interest earned in 12 years = 57178
Step-by-step explanation:
[tex]A=P(1+rn)n⋅t[/tex]
A = total amount
P = principal or amount of money deposited,
r = annual interest rate
n = number of times compounded per year
t = time in years
then
P=22000 , r=12% , n=12 and t=12 years
putting these value
[tex]A=22000(1+0.12/12) 12⋅8[/tex]
= 22000(2.5992729255593856)
= 57178
