Your company offers two types of insurance plans:
1 answer:
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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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Answer:
x+5 (under assumption you meant to do -3x
Step-by-step explanation:
you can use long division.
Take the leading coefficient x^4 and divide it by x^3. This results in x which is going to be the first part of you quotient. Now take that x and multiply it by the divisor (x^3 - 3). This gives you x(x^3 - 3) = x^4 - 3x. Now subtract that x^4 - 3x from the original polynomial and repeat this until you can't divide anymore