Ansel wants to borrow $10,000 from the Hampton County Bank. They offered him a 6-year loan with an APR of 6.35%. How much will he pay in interest over The life of the loan

this is the formula: v = the value of investment at the end of the time period

p = the principal amount (the initial amount invested)

r = the annual interest rate

n = the annual frequency of compounding (how many times a year interest is added)

t = the number of years the money is invested

^ means raise to the power of

a and c

for infinitely many solutions we require both left and right sides to be equal

distribute and simplify

a

14 - 8x = 20 - 8x - 6 = 14 - 8x ← both sides equal so infinite solutions

b

6x - 54 = 6x - 54 + x = 7x - 54 ← not equal

c

4x + 16 = 4x + 10 + 6 = 4x + 16 ← both sides equal so infinite solutions

d

5x - 40 + 10 = 5x + 10

5x - 30 = 5x + 10 ← not equal

the answer is $23.63