<span>72100 multiplied by 1.02 is 73542
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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:
brainly.com/question/14295570
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Answer:
(x+6)² + (y-6)² = 181
Step-by-step explanation:
equation of the circle in general is (x - a)² + (y - b)² = r²
center is (a, b) in our task a=-6 b=6
so equation of the circle is (x+6)² + (y-6)² = r²
we have point (3,-4) ⇒ x=3 y=-4
put x y in equation of the circle ⇒ (3+6)² + (-4-6)² = r² ⇒r² =181
⇒The equation of a circle is (x+6)² + (y-6)² = 181
Using rule 5.
Answer: g^4/h^4
I hope I helped. Look up "Exponent rules" Make a song it'll help you memorize it. Actually, it was how dad taught me when I was 13yrs old :)
1- ((112-96)/112)*100% = 14.286%
sorry
