Question

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

Answer 1

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:

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