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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]
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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]
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Evaluate
[tex]Evaluate\ the\ equation/expression:\\ 450.46497[/tex]
I hope this helps you
:)
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