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
How many variable terms are in the expression 3x3y + 5x2 + y + 9? (Input a numeric value only.)
Zanzabum
3
this is because 
x^{3}y
 x^{2}
and
  y
  are all separate variables (also x^{3} y combines into one variable)
6 0
2 years ago
Read 2 more answers
Ana’s statistics skills have been improving during her senior year at Fletcher High School. On her first end-of-the-week assessm
mafiozo [28]
A 1 = 57,  a 2 = 61,  a 3 = 65 ( arithmetic sequence )
a n = a 1 + ( n - 1 ) d
a 2 = a 1 + d
61 = 57 + d
d = 61 - 57
d = 4
a 9 = 57 + 8 * 4 = 57 + 36 = 93
Answer: Her score on the 9th assessment will be 93 points.


4 0
3 years ago
You discovered 1000 grams of an unknown element called Coolium 23 that has a half life 23 days. How long will it take for you to
Trava [24]

Answer:

13.8 days

Step-by-step explanation:

In this case we can solve it by means of a rule of three, knowing the amount of life for 1000 grams, it must be proportional for 600 grams, like this:

grams   days

 1000     23

 600        x

x = 600 * 23/1000

x = 13.8

which means that for the 600 grams it would be an average life of 13.8 days.

4 0
3 years ago
Please help they’re 2 questions
IgorLugansk [536]

i think it’s is a for the first one

4 0
3 years ago
A bag of marbles contains 6 blue marbles, 2 yellow marbles, 4 red marbles, and 1 green marble. What is the probability of reachi
Mashutka [201]

Answer:StartFraction 2 over 13 End fraction

Step-by-step explanation:

Probability = number of possible outcomes/ total number of outcomes

P (Yellow marble) = 2/ 13

6 0
3 years ago
Other questions:
  • What is product of 3 1/3 * 2 1/6 in its simplest form
    10·2 answers
  • (20 POINTS AND BRAINLIEST ANSWER!!!) I need help with these two Geometry 1 questions!
    7·1 answer
  • Describe the relationship between bias and variability through an example. Given that the proportion of all Americans that belie
    10·2 answers
  • Prove that (1+sin2x)/(1-sin2x)=cot^2(x-pi/4)
    11·1 answer
  • What is the best estimate of 2/5 + 1/7 in a equation
    9·1 answer
  • VX<br> What is the area of the parallelogram?<br> 18 cm<br> 28 cm. <br> 36 cm<br> 45 cm
    13·1 answer
  • A two person relay race consists of eight times around a football field. Juan runs four and one-sixth times around and Antonio r
    8·2 answers
  • Tami would like to withdraw $10,364.10 at the end of each year, for 10 years, from an account paying 2.3% compounded annually. D
    12·2 answers
  • Factor by grouping.
    15·1 answer
  • 10 POINTS
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!