What is the equasion then i can tell u the answer
The formula for calculating compound interest with yearly contributions is:
Balance = X*(1 + Y)^n + Z((1 + Y)^(n + 1) - (1 + Y)/Y)
where the balance is the money earned after n years invested
Y is the interest rate as a fraction
Z is the yearly contribution
X is the starting investment
Therefore the calculation for this example is:
Balance = 1200*(1 + 0.05)^48 + 1200((1.05)^49 - (1.05)/05)
= $249,393.5
Answer:
$7.7 million
Step-by-step explanation:
Given: $6.8 million profit made by company.
13% increase in profit every year.
Now, finding the company´s profit in the year of 2006.
As we know there is 13% increase in profit.
∴ Profit increase= 
Next adding company´s profit with increase in profit to get profit in the year 2006.
∴ 
≅ $7.7
The company´s profit in the year 2006 is $7.7 million.
Answer:
5.20 to the nearest hundredth.
Step-by-step explanation:
The altitude line bisects the base of the triangle to form 2 right angled triangles with hypotenuse = 6 and the base = 3.
So, by the Pythagoras theorem the altitude is calculated as follows:
6^2 = 3^2 + x^2
x^2 = 36 - 9 = 27
x = √27
= 5.20 to the nearest hundredth.
