Describe the transformation that would Change f(x) in the following ways: 1. Vertical reflection across the x axis 2. Vertical s
1 answer:
You might be interested in
1
1 · 2 = 2
2 · 4 = 8
8 · 6 = 48
48 · 8 = 384
384 · 10 = 3840
3840 · 12 = 46080
46080 · 14 = 645120
...
1 · 2 = 2
2 · 4 = 8
8 · 6 = 48
48 · 8 = 384
384 · 10 = 3840
3840 · 12 = 46080
46080 · 14 = 645120
...
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.