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 solution of the system of equations shown in the graph is (2,0)
Step-by-step explanation:
It's easy
You just look for the point of intersections the lines make.
The point is on the number 2 on the x axis, and number 0 on the y axis. Therefore its (2,0).
Happy to help!
Answer:
-1.85 -7/8 1 3/4
Step-by-step explanation:
It is about which one is to the farest right ▶️ from 0
Answer:
try b=32
Step-by-step explanation:
The value is 5 tens because the 5 is in the tens place