b) Kate menyimpan RM2 000 dengan faedah $$ 3 \% $$ dikompaun setiap tahun. Hitung jumlah wang simpanan Kate selepas 4 tahun. Kate deposited RM2 000 with interest $$ 3 \% $$ In. Falculate the value of

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UpStudy AI · Accepted Answer

1. The formula for compound interest is:

$$
A = P(1 + r)^n
$$

2. Here, $$ P = 2000 $$ (the principal), $$ r = 0.03 $$ (3% as a decimal), and $$ n = 4 $$ (years).

3. Substitute the values into the formula:

$$
A = 2000(1 + 0.03)^4 = 2000(1.03)^4
$$

4. Calculate $$ (1.03)^4 $$:

$$
(1.03)^4 \approx 1.1255
$$

5. Multiply to find the final amount:

$$
A \approx 2000 \times 1.1255 = 2251.00
$$

Thus, the amount in Kate's savings after 4 years is approximately RM2251.00.
After 4 years, Kate's savings will be approximately RM2251.00.

b) Kate menyimpan RM2 000 dengan faedah \( 3 \% \) dikompaun setiap tahun. Hitung jumlah wang simpanan Kate selepas 4 tahun. Kate deposited RM2 000 with interest \( 3 \% \) In. Falculate the value of

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