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](https://tex.z-dn.net/?f=A%3DP%281%2Br%29%5En)
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:
-$43.67
Step-by-step explanation:
your balance was negative $12.71 then you still took $30.96 for the groceries so the equation suppose be
-12.71 -30.96
it have same sign so you add them, after you add them you will get $43.67 but cause it was negative so your bank account's new balance was -$43.67.
Answer: what is R equal to?
Step-by-step explanation:
Answer:
8
Step-by-step explanation:
64 / 8 = 8
Answer:
D
Step-by-step explanation: