I need help please with this
2 answers:
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Answer:
Total amount that Matthew's bank will receive is $10099.81.
Step-by-step explanation:
We need to find the amount Matthew's bank will receive after lending him $8,000 for four years at an interest rate of 6 percent, compounded annually.
The formula for compound interest is:
Where A = future value
P= Principal Amount
r = interest rate
and n= time
So in the question we are given:
P= $8000
r = 6% or 0.06
t = 4 (since 4 yeras compounded annually)
A= 8000*(1+0.06)^4
A= 8000*(1.06)^4
A= 10099.81
So, total amount that Matthew's bank will receive is $10099.81.
The path is in the shape of a parabola, the horizontal length is 24, so the middle point is at x=12, the symmetry line is x=12, the highest point (the vertex) is at (12,6)
the equation in vertex form is y=a(x-12)²+6
next, find a by using either one of the two points, the starting point (0,0) or the end point (0,24). obviously (0,0) is easier to calculate:
0=a(0-12)² +6
a=-1/24
so the quadratic equation is y=-
the equation in vertex form is y=a(x-12)²+6
next, find a by using either one of the two points, the starting point (0,0) or the end point (0,24). obviously (0,0) is easier to calculate:
0=a(0-12)² +6
a=-1/24
so the quadratic equation is y=-