# If $400 is invested at the rate of 6% for one year, what will be the total value of the investment (the amount)?

##### 1 Answer

Nov 17, 2017

#### Answer:

#### Explanation:

Sowing you a slightly different approach with explanation of how we get there.

We end up with

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Percentage is just a fraction but a special one in that the bottom number (denominator) is always set at 100.

So, as a fraction, all of something is

So in this case we have all of the $400 + a bit of the $400

Factoring out the $400 we have:

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Trick for non calculator