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:
Step-by-step explanation:
<u><em>The picture of the question in the attached figure</em></u>
we know that
The area of a circle is equal to
The radius of the new circle is equal to
---> the radius is half the diameter
substitute
Answer:
1296 orders
Step-by-step explanation:
There is a pattern to his orders.
First, he starts with 6.
Second, he made 36.
Third, he made 216.
From here, the pattern can be identified. And, you can extend it further.
Pattern - x · 6
x = the orders.
6, 36, 216
6 (September) × 6 = 36 (October)
36 × 6 = 216 (November)
216 × 6 = 1296 (December)