Helpp I just need the total of both
1 answer:
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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.
Answer:
<h2>Amanda needs 72 grams of paint</h2>Step-by-step explanation:
Notice that she already painted one face of each cube, that is, 8 faces in total, and she used 24 grams for that.
Now, there remain 3 faces per cube to be painted, which means there are 24 faces.
Then, we use the rule of three, if she used 24 grams of paint for 8 faces, how much grams of paint she would need to paint 24 faces?
Therefore, Amanda needs 72 grams of paint for the unpainted surfaces.