Sure. However, as Canning noted, the effect of gravity is very small and, as such, for a high speed bullet traveling a distance of less than 100 yards. the trajectory is basically a straight line.
True enough in this case, given the short distance
Best to use more precise language around here
Michael Lipphardt, Engineer at Quality Electrodynamics (2015-present)
Answered Apr 4, 2017
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"Bullets don't travel in a straight line in any dimension, ever. They start dropping as soon as the leave the barrel. The slightest crosswind changes their course laterally. The only time you can treat their course as moderately straight is within, say 100 yards for a center fire rifle of fairly high velocity in normal winds. Hand guns, long guns in 22 long rifle are completely different subjects. 22 drifts a lot farther. So, the answer is it varies. But it's never straight."