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.
Step-by-step explanation:
In many parts of the world, the year is made up of four different seasons. These seasons are spring, summer, fall, and winter. Each has its own pattern of weather and varying hours of sunlight during the days. The northern and southern parts of Earth have different seasons at the same time.
The answer would be 920. hope that helped
750
because she on average makes 3000 dollars a month, making her monthly profit 750 but if she needs to spend each month a 500 dollar more then she is only making 250 a month multiply 250 by 3 and she made 750
Answer:
just go in your browser and use m a t h w a y no spaces and should be the first one
Step-by-step explanation:
