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 = p (1 + i)t $9,358.87 $10,099.80 $10,210.25

$10,099.80

Step-by-step explanation:

Given: The principal amount (P)= $8,000

The rate of interest (i)= 6 % = 0.06

Time = 4 years

The formula to calculate the compound amount in x years is given by :-

Then the compound amount received by Matthew after 4 years will be:_

Hence, the total amount that Matthew's bank will receive afeter 4 years =$10,099.80

answer: c, the green line

step-by-step explanation:

there is no black line, eliminate b.

simple interest implies periodic payments, but the red line shows no payments, eliminate d.

simple interest has equal payments. if paid say every day, the graph is about a straight line (actually a stairstep).

the yellow line is not straight, eliminate a.

check: the green line is straight, answer is c.

simple interest with positive interest rate gives a straight line sloping up to the right. green line:

g(t) = $100 + ($200-$100) ÷ (20 years) × (t years)

= $100 + (4%/year) × ($100)(t years)

incidentally, the yellow line curving upward represents continuously compounded interest

y = $100 × 2^(t years / (14 assuming the yellow line hits $200 at 14 years. 2^0 is 1, so y(0) = $100; 2^(14/14) is 2, so y(14) = $200.