This is a compound interest problem where the initial amount is 8.8 million, the interest rate is 6% and the time period is 4 years and it gets compounded yearly. So we can use the compound interest formula, that is given by:

A = P*(1 + r/n)^(n*t)

Where A is the final amount, P is the initial amount, r is the rate, t is the total amount of time and n is the number of times it gets compounded in one year. We can now use all the values that were given to us to find out the profit of the company.

A = 8.8*(1 + (0.06))^(4) = 8.8*(1.06)^16

A = 8.8*1.26 = 11.088 millions

So the company's profit in 2007 was 11.088 millions

6 0

3 years ago

Write an equation of the line that passes through (-6,0) and $(0,-24)

motikmotik

Answer:

-4

Step-by-step explanation:

Y2 = -24 and Y1 = 0

X2 = 0 and X1 = -6

Y2-Y1/ X2- X1= -24 - 0/ 0 - (-6) = -4

y= -4x + c

y + 4x= c

6 0

2 years ago