Zaki invested RM1000 now and RM1500 2years from now. He invests RM2000 4 years from now at an interest rate of 8% compounded annually. Estimate total amount in 10 years.

To estimate the total amount Zaki will have in 10 years, we need to calculate the future value of each investment using compound interest formula and then add them together.

First, let's calculate the future value of the initial investment of RM1000. We can use the compound interest formula:

Future Value (FV) = Principal (P) * (1 + interest rate (r))^time (t)

FV1 = RM1000 * (1 + 8%)^10

Next, let's calculate the future value of the investment of RM1500 that will be made in 2 years. We need to find the future value of this amount after 8 years since it will be invested for a total of 10 years.

FV2 = RM1500 * (1 + 8%)^8

Finally, let's calculate the future value of the investment of RM2000 that will be made in 4 years. We need to find the future value of this amount after 6 years since it will be invested for a total of 10 years.

FV3 = RM2000 * (1 + 8%)^6

To estimate the total amount in 10 years, we add up the future values of all the investments:

Total Amount = FV1 + FV2 + FV3

Now let's plug in the values and calculate:

FV1 = RM1000 * (1 + 0.08)^10 = RM1000 * 1.08^10 ≈ RM2158.92

FV2 = RM1500 * (1 + 0.08)^8 = RM1500 * 1.08^8 ≈ RM2688.08

FV3 = RM2000 * (1 + 0.08)^6 = RM2000 * 1.08^6 ≈ RM2494.77

Total Amount = RM2158.92 + RM2688.08 + RM2494.77 ≈ RM7341.77

Therefore, the estimated total amount in 10 years would be approximately RM7341.77.