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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The percent that it rained in April would be 5.4%
Answer:
110÷360×π×4.6^(2)= 20.312
Step-by-step explanation:
Area of sector = angle / 360 x π x r^(2)
Slope = change in y / change in x
= (15 - 9) / (7 - 5)
= 6 / 2
= 3
Answer:
y = 20 x = 6
Step-by-step explanation:
1 (3x+ 2y = 58 ------------> -3x + -2y = -58
1x + 2y = 46 --------------> 1x + 2y = 46
____________
-2x = -12
-----------------
-2x -2x
x = 6
3(6) + 2y = 58
18 + 2y = 58
-18 -18
------------------
2y = 40
----- -----
2y 2y
y = 20