You have $ 400 and a bank is offering 4.0 % interest on deposits. If you deposit the money in the bank, how much will you have in one year?

I will have $416 in a year's time.

Explanation:

In calculating the amount in the deposits account in one year's time I used the Future Value formula,which is FV=PV*(1+r)^n

PV is present value=$400

r=rate=4%

n=year=1

FV=400(1+0.04)^1

FV=$416

Alternatively, one could calculate 1 year interest on the principal by multiplying it by 4% ,then add the interest of $16 to principal of $400.

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

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