1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Crank
3 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]3 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.

You might be interested in
Price of 1kg sugar is Rs. 100 calculate the price of 150g sugar?​
Wewaii [24]

Answer:Rs15

Step-by-step explanation:

150g=150/1000=0.15kg

1kg cost Rs100

0.15kg cost =100 x 0.15=15

150g cost Rs15

3 0
2 years ago
Two times a number is equal to six less than three times the number
Mekhanik [1.2K]
2 times a number, x, is equal to 6 less than 3 times the number, x.

2x = 3x - 6
-1x = -6
x = 6

The number is 6.
8 0
3 years ago
You purchased paint for the rooms in your house.you have 1.5 cans of paint left.you painted 4 rooms and each room required 2 can
artcher [175]
4x2=8 cans
8+1.5+0.5=10 cans of paint
7 0
2 years ago
I need help fast! I’m taking the test now!
Zina [86]

Answer:

it's the last one I think

6 0
2 years ago
Read 2 more answers
Square root of 75 plus square root of 3
olya-2409 [2.1K]
Answer:
6√3

Explanation:
Before we begin, remember the following:
\sqrt{a*b} = \sqrt{a}  *  \sqrt{b}
m \sqrt{a} + n \sqrt{a}  = (m+n) \sqrt{a}

Now, for the given:
75 can be written as 25*3
This means that:
\sqrt{75} = \sqrt{25*3}
Applying the above concept, we can find that:
\sqrt{75} = \sqrt{25*3} = \sqrt{25}  *  \sqrt{3}
Now, we know that:
√25 = 5 (we ignored the negative value)

This means that:
√75 = 5√3

Finally, we can compute the needed sum as follows:
√75 + √3 = 5√3 + √3 = 6√3

Hope this helps :)

8 0
3 years ago
Read 2 more answers
Other questions:
  • PLZZ HELP ME WILL GIVE BRAINLIEST ( write in exponential form) 26*26^8
    10·1 answer
  • Lowest term 2/11÷5 ​
    12·1 answer
  • $2,000 2 years at an interest rate of 11.0% is round up to the nearest cent
    6·1 answer
  • A set of 9 numbers has a mean of 20. What additional number must be included in this set to create a new set with a mean that is
    12·1 answer
  • In an arithmetic sequence, a17 = -40 and a28 = -73. explain how to use this information to write a recursive formula for this se
    10·2 answers
  • (10 POINTS) answer ASAP if you can
    6·1 answer
  • Which graph represents the function y = 2x - 4​
    13·2 answers
  • Tank A initially contained 124 liters of water.
    9·1 answer
  • A bicycle store costs $3600 per month to operate. The store pays an average of $80 per bike. The average selling price of each b
    9·1 answer
  • F(x) = −x + 5 with domain [−3, 2] What is the range
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!