What is the total amount that Matthew's bank will receive after lending him $8,000 for four years at an interest rate of 6 perce
1 answer:
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.
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1. see below
2. g(x) is f(x) translated left 2 and down 3
Step-by-step explanation:
1. The graphs are attached. F(x) is in red; g(x) is in blue.
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2. The graph of g(x) = f(x -h) +k is the parent function translated by (h, k). Here we have (h, k) = (-2, -3), so g(x) is f(x) translated left 2 and down 3.
