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

d i think

step-by-step explanation:

step-by-step explanation: