A = P(1+nrt)
Plug in your numbers, in this and all the other similar posts.
Plug in your numbers, in this and all the other similar posts.
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!
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.
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.