bmulberry102350 bmulberry102350

01-10-2020
Mathematics

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If 400 is invested at the day of 6% for one year what will be the total of the investment

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Homeworkbelike1 Homeworkbelike1

01-10-2020

424 is your answers to this problem

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sqdancefan sqdancefan

01-10-2020

Answer:

424

Step-by-step explanation:

The formula for the value of an amount P invested at simple interest rate r for t years is ...

A = P(1 +rt)

Using the given values, we get ...

A = 400(1 +0.06·1) = 424

The total of the investment will be 424.

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