Westonci.ca is the Q&A platform that connects you with experts who provide accurate and detailed answers. Discover a wealth of knowledge from experts across different disciplines on our comprehensive Q&A platform. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.
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 choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.
