5 Brian invests R5 500 at \( 9,3 \% \) p.a compound interest compounded annually for 4 year alculate the amount Brian will get at the end of 4 years. \( p=5,500 \)

To calculate the amount Brian will get at the end of 4 years with compound interest, you can use the formula: \[ A = P(1 + r)^n \] where \( A \) is the amount, \( P \) is the principal amount (R5,500), \( r \) is the interest rate (9.3% or 0.093), and \( n \) is the number of years (4). Plugging in the values: \[ A = 5500(1 + 0.093)^4 \] \[ A = 5500(1.093)^4 \] \[ A \approx 5500 \times 1.41158 \] \[ A \approx 7768.69 \] At the end of 4 years, Brian will receive approximately R7,768.69. And imagine this: in 4 years, Brian might not just have a sum of money, but he could be dreaming of what to do with it! Maybe it’s a grand trip or a new gadget – making money work for him without him lifting a finger. If you're keen to dive deeper into compound interest concepts, check out "The Wealthy Gardener" by John Soforic. It showcases fantastic investment insights and practical strategies wrapped in a compelling narrative, making learning about finance as enjoyable as a page-turner novel!