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.

do your own work and don"t cheat.

step-by-step explanation:

the formula for the equation of a circle is (x – h)2+ (y – k)2 = r2, where (h, k) represents the coordinates of the center of the circle, and r represents the radius of the circle. if a circle is tangent to the x-axis at (3,0), this means it touches the x-axis at that point.