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

2 Answers

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424 is your answers to this problem

User Notpeter
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4 votes

Answer:

424

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 +0.06ยท1) = 424

The total of the investment will be 424.

User Elder Geek
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