Answered

IDNLearn.com: Your reliable source for finding expert answers. Get prompt and accurate answers to your questions from our community of knowledgeable experts.

kamil invests 9000 for 4 years his investment pays compound interest of x% per anumn

Sagot :

Samuelonum1idn

To get the Total amount upon investment for the compound interest, plug in the value of x into the given expression bellow

A = 9,000.00(1 +  x/100)^(4)

Given data

Principal = $9000

Time = 4 years

Rate = x% per annum

Solution

  • Step one:

First, convert R as a percent to r as a decimal

r = x/100

r = x/100

  • Step two:

Then solve the equation for A

A = P(1 + x/100)^t

A = 9,000.00(1 + x/100)^(4)

A = 9,000.00(1 +  x/100)^(4)

  • Summary:

The total amount accrued, principal plus interest, with compound interest on a principal of $9,000.00 at a rate of x% per year.

Learn more about compound interest here:

https://brainly.com/question/24924853

We appreciate every question and answer you provide. Keep engaging and finding the best solutions. This community is the perfect place to learn and grow together. Find precise solutions at IDNLearn.com. Thank you for trusting us with your queries, and we hope to see you again.