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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bearing in mind that
standard form for a linear equation means
• all coefficients must be integers, no fractions
• only the constant on the right-hand-side
• all variables on the left-hand-side, sorted
• "x" must not have a negative coefficient
8 - 5y = - 2x
2x - 5y = - 8
Answer: 324 trees
Explanation: (cross multiply and divide)
In a fraction put x over 450 then next to it put 72 over 100 hundred
Cross multiply
72x450=32,400
100x= 32,400 (Divide each side of equation by 100)
X= 324
-OR- Just multiply 450 by .72
Either way you get the same answer. Hope this helped:)
If you add 15%, you now have 115% of the total.
95(1.15)8
Make sure to only apply the exponent to 1.15, then multiply by 95.
N^2 +3n+6 / n (as a fraction)
