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
About how much would it have cost
Anton [14]
It would cost about $.50 because $8.15 rounds to $8.00, and 8/16 = 0.5
4 0
3 years ago
Read 2 more answers
1/6 x 3/5= what is the answer
KATRIN_1 [288]
First you multiply the two numbers and get
1/6x3/5= 3/30

Then you reduce 3/30 and you get 1/10

So the final answer is 1/10!
8 0
3 years ago
Read 2 more answers
An angle measures 32° more than the measure of its supplementary angle. What is the measure of each angle?
ValentinkaMS [17]

Answer:

29°; 61°

Step-by-step explanation:

Let one angle  = x°

Other angle = (x + 32)°

x + x + 32 = 90   {given they are complementary}

2x + 32 = 90

2x = 90 -32

2x = 58

x = 58/2

x = 29

One angle  = 29°

Other angle = 29 + 32 = 61°            

7 0
3 years ago
1) What is 89% of 355?
masha68 [24]

The of is essentially the multiplication operator hence

89\%\cdot355=0.89\cdot355=315.95

Hope this helps.

8 0
3 years ago
Read 2 more answers
In Gil's middle school, 1/4 of the students take life science, 1/3 take physical science, 1/6 take earth science. What fraction
Mashutka [201]
Yes the second one Have a good day
4 0
3 years ago
Other questions:
  • Please explain how u got the answer!!!!!
    7·2 answers
  • 7. Use the properties of operations to simplify this algebraic expression. Rewrite the expression by following the directions in
    9·1 answer
  • Hey can you please help me posted picture of question
    8·1 answer
  • A class went on a field trip to see a play. adult tickets cost $18 each and student tickets cost $12 each. there were 10 more st
    10·1 answer
  • Simplify: 3v^2 + 30v + 48 divided by v^2 + 6v + 8
    10·1 answer
  • Four hundred twenty-five and fifty-two hundredths in standard form
    15·1 answer
  • 8-35. Use your knowledge of polygons to answer the questions below, if possible.
    12·1 answer
  • Pls help I will mark brainlyesd
    10·1 answer
  • One supermarket sold 72 cases of Zing soap, but only one-third as many cases of Essence soap. If each case holds 156 bars of soa
    11·1 answer
  • Put the following equation of a line into slope-intercept form, simplifying all fractions.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!