You see how much it growes by from 3-5 then divide that answer by two and you get it right
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:
brainly.com/question/14295570
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Answer:
y=6
Step-by-step explanation:
6y+8=44
44-8=6y
6y=36
6y/6 =36/6
y=6
Answer:
1 7/12 cups
Step-by-step explanation:
3/4 + 5/6
LCM of 4 and 6 is 12 so we have
9/12 + 10/12
=19 / 12
= 1 7/12 cups of milk
I am currently taking Geometry right now, so I understand where you are coming from. I think it's just a matter of approaching it differently. My teacher always says she is trying to get us to think, not memorize. If you think a tutor would help you, then go for it! Just make sure you are learning the material not just for the grade, but so that you actually understand it. That's the most important part. Good luck!