Get the information you need with the help of IDNLearn.com's expert community. Join our Q&A platform to receive prompt and accurate responses from knowledgeable professionals in various fields.
Sagot :
P=400 (your amount invested)
r=.02 (rate as a decimal)
n=1 (number of times compounded per year, annually meaning 1)
t=6 (number of years invested)
you must follow orders of operations when you plug these things in your calculator.
1st step) do .02/1 to get 0.2 then add 1 to get 1.02. raise this to (1*6)and you get roughly 1.126, now multiply this by 400 to get answer D 450.46.
r=.02 (rate as a decimal)
n=1 (number of times compounded per year, annually meaning 1)
t=6 (number of years invested)
you must follow orders of operations when you plug these things in your calculator.
1st step) do .02/1 to get 0.2 then add 1 to get 1.02. raise this to (1*6)and you get roughly 1.126, now multiply this by 400 to get answer D 450.46.
Answer:
450.46497
Step-by-step explanation:
Based on the given condition:
[tex]We\ know\ that:[/tex]
[tex]\left\{\begin{matrix}P=400\\r=2\%\\n=1\\t=6\\\end{matrix}\right.[/tex]
________________________________________________
Formulate and substitute:
[tex]Substitute[/tex] [tex]\left\{\begin{matrix}P=400\\r=2\%\\n=1\\t=6\\\end{matrix}\right.[/tex][tex]into\ formula[/tex]
[tex]F=P*(1+r/n)^n^t\\ F=400\bullet(1+2\bullet\frac{1}{100})^6[/tex]
_________________________________________________
Evaluate
[tex]Evaluate\ the\ equation/expression:\\ 450.46497[/tex]
I hope this helps you
:)
Thank you for being part of this discussion. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. IDNLearn.com is your source for precise answers. Thank you for visiting, and we look forward to helping you again soon.
