90,000 10years interest rate 6%
1 answer:
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Brad have 19 quarters and 27 nickels.
Step-by-step explanation:
Given,
Total worth of nickels and quarters = $6.10 = 6.10*100 = 610 cents
One quarter = 25 cents
One nickel = 5 cents
Let,
x represent the number of quarters.
y represent the number of nickels.
According to given statement;
25x+5y=610 Eqn 1
y = x+8 Eqn 2
Putting value of y from Eqn 1 in Eqn 2
Dividing both sides by 30
Putting x=19 in Eqn 2
Brad have 19 quarters and 27 nickels.
Keywords: linear equation, subtraction
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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.