Question

a = 400(1 + 0.02/1)^1 x 2
Round your answer to the nearest cent.

Answer 1

To solve the expression \( a = 400(1 + 0.02/1)^1 \times 2 \), we'll follow these steps:

1. Calculate \( 0.02/1 \):
\[
0.02/1 = 0.02
\]

2. Add this to 1:
\[
1 + 0.02 = 1.02
\]

3. Raise this to the power of 1:
\[
(1.02)^1 = 1.02
\]

4. Multiply by 400:
\[
400 \times 1.02 = 408
\]

5. Finally, multiply by 2:
\[
408 \times 2 = 816
\]

Thus, rounding your answer to the nearest cent is not applicable since \( 816 \) is a whole number.

So, the final result is:
\[
\boxed{816.00}
\]