Answer:
x = 8.2
Step-by-step explanation:
Answer:
$8511.11
Step-by-step explanation:
Each year, the amount Walter owes is multiplied by 1.06, so at the end of 6 years, Walter owes 1.06^6 times the amount he borrowed.
he will pay $6,000×1.06^6 ≈ $8511.11
_____
At the end of the first year, Walter owes the original loan amount plus 6% interest. That total is ...
$6000 + 0.06×6000 = $6000×1.06
At the end of the following year, he owes 1.06 times that amount, or ...
6000×1.06²
The amount owed is multiplied by 1.06 each year until Walter pays off the loan.
What do you think and what have you previously learned on the subject?
This is the answer in expanded form: 100,000 + 10,000 + 4,000 + 6<span />
Its 36 because 4×9=36 and 12×3 is 36. hope this helps.
