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.
Answer:
Please provide a question so we can answer, thank you.
524 cm cubed
Explanation: 4/3 x pi x 5cubed = 523.599cm cubed rounded to 524cm cubed
Answer:
<em>y=-5</em>
Step-by-step explanation:
<u>Equation of the line</u>
Lines can be expressed in several forms. The slope-intercept form of the line is:
y = mx + b
Where m is the slope of the line and m is the y-intercept.
If the line is perpendicular to the y-axis, then it's a horizontal line. Horizontal lines have slope m=0, thus, the equation is:
y = b
To find the value of b, just substitute the given point:
-5=b
The equation of the line is:
y=-5
Answer:
Do you mean to multiply? you don't have any sign. if you meant multiply its 15, if you meant divide it's 1 2/3, if it's addition it's 8, if its subtraction it's 2
