Answer:
$100.4
Step-by-step explanation:
Compound Interest Formula:
A = P[tex]([/tex]1 + [tex]\frac{r}{100}[/tex][tex])^{t}[/tex]
=> A = 100 x ( 1 + [tex]\frac{0.4}{100}[/tex])^1 = 100.4 (If they asked ... interest rate ... per year, if not then depends - most likely to be days and therefore you will need to change 1 year = 365 days and you will also need to change 1 in the formula above to 365, then you will get the right ans)
