asked 155k views
1 vote
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?

a.$9,358.87
b.$10,099.80
c.$10,210.25

asked
User Steevee
by
8.5k points

1 Answer

6 votes
The answer would be b.

answered
User VDV
by
7.9k points
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