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Crank
4 years ago
5

A shipping company borrows $70 million at 5% p.a. compound interest to build a new cruise ship. If it repays the debt after 3 ye

ars, how much interest will the company pay?
Mathematics
1 answer:
dem82 [27]4 years ago
5 0

Answer:

about 11.03 million

Step-by-step explanation:

Use the equation I = P(1+r/100)^n - P (I is the compound interest, P is the principle, r is the rate percent, and n is the number of years):

Substitute the values given:

I = 70,000,000(1 + 5/100)^3 - 70,000,000

Use a calculator to solve and you will get ~11.03 million.

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Pls really need help asapppp
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105 sq cm

Step-by-step explanation:

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Step-by-step explanation:

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3 years ago
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Jones assembles 200 relays in the same time that Smith assembles 180. When Jones has completed 300 relays, how many will Smith h
Finger [1]

Answer:

270

Step-by-step explanation:

Jones turns out 200 relays to Smith's 180. You set up that basic ratio and make a proportion out of it.

S/J = 180/200

Now you make your proportion

S/J = x/300

But the 2 ratios much remain the same.

180/200 = x / 300                  Multiply both sides by 300

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Smith will have turned out 270 relays.

4 0
3 years ago
For what value of a does 9 equal 1/27 a + 3​
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Answer:

a = 162

Step-by-step explanation:

9 = 1/27 a +3

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