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:
F(1)= -2
Step-by-step explanation:
Remember that when dealing with functions, it is written in the form of f(x). In this case, the x= 1, so its asking for the y value when x=1.
Answer:
£528.3
Step-by-step explanation:
If €1 = £0.90 then €587 = 587 * £0.90
587 * £0.90 = £528.3
Kind of expression and its example:
Quotient: .
Product: 8b.
Sum:
<u>Step-by-step explanation:</u>
While translating the problems into mathematical expression or mathematical expression in English, Kind of Expression can be used. Mostly in the algebraic parts.
Quotient: It represents that one value is divided by the another value. It is also known as the ratio.
i.e: .
Product: It means multiplying either a known value and unknown variables or both unknown variables.
i.e.: 8b.
Sum: It means adding either a known value and unknown variables or both unknown variables.
i.e.:
Answer:
x=11
Step-by-step explanation:
if a line passes across the parallel lines and m∡4 = m∡5
then solve for x
7x + 5 = 5x + 27
2x = 22
x=11 -- please verify if this is true m∡4 = m∡5