Consider functions
1 answer:
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Answer:
Step-by-step explanation:
If I'm not mistaken by the question, we have
Multiply through by the LCM of all the denominators to clear the fractions. Since we have only one fraction, we multiply through by its LCM (3)
Putting all terms on the LHS (left hand side) and evaluating,
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:
#SPJ1
Steps to Solve:
1. Simplify : 3.5
2. Multiply 3.5 * 9: 31.5
Answer:
A = 31.5 yd
Notes:
N/A