Answer:
Total value of investment = 424$
Step-by-step explanation:
Money invested = 400 $
Rate of increase per year = 6%
Time for invested = 1 year
Benefit after 1 year [tex]=\frac{400\times 6}{100}\times 1=24\$[/tex]
Total value of investment = Money invested + Benefit
Total value of investment = 400 + 24 = 424$
