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:
$3.20
Step-by-step explanation:
I divided the $2 by 8 to see how much 1/8 a gallon cost.
I got 0.40
Multiple this by 8 to get 8/8 or 1 gallon.
You get 3.2
so $3.20
Hope this helped. :)
Answer: C electricity
Step-by-step explanation:
It is
<span><span><u>Answer</u>
26 1/2 is not equivalent to and integer but it can be approximated to 27 which is an integer.
<u>Explanation</u>
An integer is a whole number. It is a number that is not a fraction.
253/2=25+3/2=25+1 1/2=26 1/2
</span><span>26 1/2 is not equivalent to and integer but it can be approximated to 27 which is an integer.
</span></span>
Answer:
The result of the division of a number by a fraction is larger than the fraction.
Step-by-step explanation:
Here,we note that value Parker divided by 0.6. =1.02
Written down result of the division = 1.02/0.6 = 0.17
However, since the numerator is 1.02, then the result of dividing it by a fraction should yield a higher number instead of 0.17
Therefore we check as follows
1.02/0.6 = 1.7
The error is apparently due to dividing 1.02 by 6 rather than 0.6