Five years ago, Umar deposited RM7,200 in an account that gave 5.2% simple interest per annum. Find the accumulated amount today.

A = P(1+nrt)

Plug in your numbers, in this and all the other similar posts.

P = Po + Po*r*T = 7,200 + 7,200*0.052*5 =

Well, if Umar deposited RM7,200 five years ago at a 5.2% interest rate, I hope he used a sturdy vault because we're about to calculate the accumulated amount!

To find the accumulated amount, we can use the simple interest formula:

Accumulated Amount = Principal + (Principal x Interest Rate x Time)

In this case, the principal is RM7,200, the interest rate is 5.2%, and the time is 5 years.

Let's do the math:

Interest = Principal x Interest Rate x Time
= 7200 x 0.052 x 5
= 1872

Accumulated Amount = Principal + Interest
= 7200 + 1872
= 9072

So, the accumulated amount today is RM9,072! Umar must be feeling pretty lucky!

To find the accumulated amount today, we can use the formula for simple interest:

I = P * r * t

Where:
I = Interest
P = Principal amount
r = Interest rate per annum
t = Time in years

Given:
P = RM7,200
r = 5.2% = 0.052 (converted to decimal)
t = 5 years

Substituting these values into the formula:

I = RM7,200 * 0.052 * 5
I = RM1,872

The interest earned over 5 years is RM1,872.

To find the accumulated amount, we add the interest earned to the principal amount:

Accumulated Amount = Principal + Interest
Accumulated Amount = RM7,200 + RM1,872
Accumulated Amount = RM9,072

Therefore, the accumulated amount today is RM9,072.

To find the accumulated amount, we first need to calculate the interest earned over the five-year period.

The formula for simple interest is:
Interest = Principal * Rate * Time

In this case, the Principal (P) is RM7,200, the Rate (R) is 5.2% (or 0.052 as a decimal), and the Time (T) is 5 years.

Using the formula, we can calculate the interest earned:
Interest = RM7,200 * 0.052 * 5

To find the accumulated amount, we add the interest earned to the original principal:
Accumulated Amount = Principal + Interest

Now we can calculate the accumulated amount:
Interest = RM7,200 * 0.052 * 5 = RM1,872
Accumulated Amount = RM7,200 + RM1,872 = RM9,072

Therefore, the accumulated amount today is RM9,072.