I'm so lost!!! Help please! I really want to know how to do this for future. Anything would help! (Question 8)
1 answer:
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Answer:
CA ≈ 3.1 ft
Step-by-step explanation:
Using the tangent ratio in the right triangle
tan40° = =
=
( multiply both sides by CA )
CA × tan40° = 2.6 ( divide both sides by tan40° )
CA = ≈ 3.1 ft ( to the nearest tenth )
Amount must the owner make to have the cost of the ski lift in 5 years is $6,711,045.22.
<h3>What is compound interest?</h3>
Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on principal plus interest.
A = P(1 + r/n)
P =5,500,000
r =4%= 0.004
n =4
t= 5 years.
Now,
A = P(1 + r/n)
A = 5,500,000.00(1 + 0.04/4)
A = 5,500,000.00(1 + 0.01)
A = $6,711,045.22
Hence, The total amount accrued is $6,711,045.22.
Learn more about compound interest here:
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