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: The 3rd answer on the graph
Step-by-step explanation:
Step-by-step explanation:
20% of the coins are dimes, and 10 coins are selected, so the expected number of dimes is 0.20 * 10 = 2.
So the number generator is fair. It shows that 20% of the coins selected are dimes most of the time.
Answer:
See below, please!
Step-by-step explanation:
Since this is a line segment, the two segments sum is going to be equal to the larger sum. Here's the equationL 5+x-2=2x-2. This simplifies to x+3=2x-2. Solve this, and we get x=5.
Hope this helped!
The correct solution method of Kendall's money is 7x = 98. Divide both sides by 7. Kendall had $14
<h3> How to write equation?</h3>
x = Kendall's money
Mateo's money = $98
= 7 × x
The equation:
7 × x = 98
7x = 98
x = 98/7
x = $14
Therefore, the correct answer is option B
Learn more about equation:
brainly.com/question/2972832
#SPJ1
