answersLogoWhite

0

It is 400*(1+3.5/100)2 = 428.49

User Avatar

Wiki User

11y ago

What else can I help you with?

Continue Learning about Math & Arithmetic

If you deposit 400 and percent 6 interest annually how much money will you have in 25 years?

400*(1.06)25 = 1716.75


What is 400 with a rate of 8 percent for 5 years?

Simple interest 400 + (4 x 5 x 8) = 400 + 160 = 560; Compound interest 400 x 1.085 = 400 x 1.47* = 588. *Actually the multiplier is 1 .469


How many years will it take 400 to grow to 1671 if it is invested at 10 percent compounded annually?

To determine how many years it will take for an investment of $400 to grow to $1671 at an annual interest rate of 10% compounded annually, you can use the formula for compound interest: ( A = P(1 + r)^t ), where ( A ) is the future value, ( P ) is the principal amount, ( r ) is the interest rate, and ( t ) is the number of years. Rearranging the formula to solve for ( t ), you get ( t = \frac{\log(A/P)}{\log(1 + r)} ). Plugging in the values gives ( t = \frac{\log(1671/400)}{\log(1.10)} ), which calculates to approximately 11.5 years. Thus, it will take about 12 years for the investment to grow to $1671.


A principal of 400 is invested in an account at 6 per year compounded annually. What is the total amount of money in the account after 5 years?

To calculate the total amount in the account after 5 years with a principal of $400 invested at an annual interest rate of 6% compounded annually, you can use the formula for compound interest: ( A = P(1 + r)^t ), where ( A ) is the amount, ( P ) is the principal, ( r ) is the annual interest rate (as a decimal), and ( t ) is the number of years. Plugging in the values: [ A = 400(1 + 0.06)^5 \approx 400(1.338225) \approx 535.29. ] Thus, the total amount in the account after 5 years is approximately $535.29.


What is 67.5 percent of 400?

67.5% of 400 = 270