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 answer will be 2.
46 / 23 is 2.
http://coolconversion.com/math/fractions-simplifier/Reduce__46/23_to%20the%20simplest%20form
This proves my answer.
Answer:
B
Step-by-step explanation:
Ecology is the study of ecosystems. That is, ecology is the study of how living organisms interact with each other and with the nonliving part of their environment.
Answer: 3
Step-by-step explanation:
<span> Seeing as area = length X width, we can say that 3 meters X 12 meters = </span>36… meters<span>. With that statement, it can be assumed that (since the area of the square and rectangle are equal) the area of the square is 36.</span>
