1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Zolol [24]
3 years ago
12

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

nt, compounded annually?
Mathematics
1 answer:
bija089 [108]3 years ago
6 0

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:

A=P(1+r)^n

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.

You might be interested in
12 A pilot needs to know the maximum height an aircraft can fly at. The cabin has been tested and is safe to a height of 15679 m
abruzzese [7]
15.6 kilometers rounded down because it is not safe to go above what has been approved
7 0
1 year ago
Combine like terms and solve equations<br> 5x+18-8x=33
Igoryamba
First thing you have to do is take the 5 + -8 which equals -3 then you have to 33-18 which equals 15 then u have to divide by the -3 which gives you equal your answer of -5
6 0
3 years ago
Read 2 more answers
Here are 2 bowls. One of them has 25 gems and the other has 15 gems. Some of them are red.All the gems from the two bowls are no
spin [16.1K]

Answer:

the answer is \frac{25}{15}\\ Hope this helps :}

Step-by-step explanation:

Here are 2 bowls. One of them has 25 gems and the other has 15 gems. Some of them are red. All the gems from the two bowls are now put into a third bowl. What fraction of the gems in the third bowl will be red?

7 0
3 years ago
Round to 1 significant figure and estimate 423 x 764
Elden [556K]

Answer:

300,000

Step-by-step explanation:

423 x 764 = 323,172

8 0
1 year ago
Use the properties of logarithms to expand the following expression as much as possible. Simplify any numerical expressions that
sweet [91]

Answer:

f(x,y) = \log_{4} (x-5-\sqrt{25-6\cdot y})+\log_{4} (x-5+\sqrt{25-6\cdot y})

Step-by-step explanation:

Let be f(x,y) = \log_{4}(2\cdot x^{2}-20\cdot x +12\cdot y), this expression is simplified by algebraic and trascendental means. As first step, the second order polynomial is simplified. Its roots are determined by the Quadratic Formula, that is to say:

r_{1,2} = \frac{20\pm \sqrt{(-20)^{2}-4\cdot (2)\cdot (12\cdot y)}}{2\cdot (2)}

r_{1,2} = 5\pm \sqrt{25-6\cdot y}

The polynomial in factorized form is:

(x-5-\sqrt{25-6\cdot y})\cdot (x-5+\sqrt{25-6\cdot y})

The function can be rewritten and simplified as follows:

f(x,y) = \log_{4} [(x-5-\sqrt{25-6\cdot y})\cdot (x-5+\sqrt{25-6\cdot y})]

f(x,y) = \log_{4} (x-5-\sqrt{25-6\cdot y})+\log_{4} (x-5+\sqrt{25-6\cdot y})

3 0
3 years ago
Other questions:
  • The Jurassic zoo charges $10 for each adult admission and $2 for each child. The total bill for 182 people from a school trip wa
    13·1 answer
  • Which statements include two quantities in the real world that are additive inverses?
    6·2 answers
  • Gloria earns 1.5 times her normal hourly pay for each hour that she works over 40 hours in a week. Here normal pay is $9.70 per
    13·1 answer
  • As men age, their testosterone levels gradually decrease. This may cause a reduction in lean body mass, an increase in fat, and
    5·1 answer
  • HELPPPPPPPPP i have the most trouble with math what’s the answer??
    11·1 answer
  • Which of the following values of x are solutions to the equation 4x^2+x-60=0​
    14·1 answer
  • In the equation 5x = 60, what is the next step in the equation solving sequence?
    7·2 answers
  • Travelling at a
    5·1 answer
  • Only number 3 plssssssssssssssss
    8·1 answer
  • Help me quick How can 10% of 64 be used to determine 40% of 64? Enter your answers in the boxes to correctly complete the statem
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!