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.
Odd.................................
Answer:
um
Step-by-step explanation:
whats the question?
Answer:
- 9÷0.001 is greater than 8÷0.001.
- 7÷0.001 is less than 8÷0.001.
- 8÷0.002 lie between 8÷0.001 and 8÷110.
Step-by-step explanation:
- The division expression which is greater than 8÷0.001 is:
9÷0.001
Since, the numerator of the number 9÷0.001 is greater than 8÷0.001. and as their denominator is same.
so, the number whose numerator is greater than the other will result in the overall number to be greater.
- The division expression which is less than 8÷0.001 is 7÷0.001.
Since, for two numbers with same denominator the number whose numerator is smaller is smaller than the other.
- The division expression that lie between 8÷0.001 and 8÷110 is: 8÷0.002.
Since 8÷0.002 is greater than 8÷110, as for two numbers with same numerator but different denominator the number whose denominator is greater is a smaller number.
similarly 8÷0.002 is smaller than 8÷0.001.
Answer:
63
Step-by-step explanation:
