Answer:
There are 25 students in the class.
Step-by-step explanation:
Since we know the percentage of students who want an ice cream party is 20%, and 5 students want an ice cream party, we know that:
, where S is the total amount of students. We can then solve for S:
Given equation
Multiply by S
Divide by 0.2
Therefore, there are 25 students in the class.
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.