What is the total amount that matthew's bank will receive after lending him $8,000 for four years at an interest rate of 6 percent, compounded annually?

Total amount that Matthew's bank will receive $6312.40

Step-by-step explanation:

Since we have given that

Principal amount =$8000

Rate of interest = 6%

Time = 4 years

As we know the formula for " Compound Interest ":

where

A denotes Amount

P denote Principle

n denotes time

r denotes rate of interest

So, our equation becomes,

Hence, total amount that Matthew's bank will receive $6312.40.

something that characterises a right triangle is the fact that we may use pythagoras' theorem to find any one of its sides given that we have the length of the other two sides. here, we have the length of the hypotenuse, √(87) yd, and one other side, √(23) yd, thus we can easily find the length of the remaining side using pythagoras' theorem as defined below:

c^2 = a^2 + b^2, where c is the length of the hypotenuse, and a and b are the lengths of the other two sides.

thus, given that c = √(87) and a = √(23), we may substitute these into the formula we defined above to get:

c^2 = a^2 + b^2

(√87)^2 = (√23)^2 + b^2 (substitute c = √87 and a = √23 into the equation)

87 = 23 + b^2 (evaluate (√87)^2 = 87 and (√23)^2 = 23 - remember that the square root of a number, squared will equal that very same number)

64 = b^2 (subtract 23 from both sides)

√64 = b (take the square root of both sides)

8 = b (evaluate √64 = 8)

therefor, the length of the unknown leg in the right triangle is 8 yd (first answer).

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step-by-step explanation: