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If 400$ is invested at the rate of 6% for one year. What will be the value of the investment (the amount) A) $42.40 B)$424.00 C)$4,240.00
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If 400$ is invested at the rate of 6% for one year. What will be the value of the investment (the amount)

A) $42.40
B)$424.00
C)$4,240.00

User Nimit Pattanasri
by
8.6k points

1 Answer

1 vote
Hi there

The answer is
A=400×(1+0.06)
A=424

So it's b

Good luck!
User Cappittall
by
8.3k points
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