answer.
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
2 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]2 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
What is the length of leg s of the triangle below?
allochka39001 [22]

Answer:

F

Step-by-step explanation:

s²+s²=(4√2)²

2s²=32

s²=16

s=4

5 0
1 year ago
5. What is the area of the figure to the nearest square centimeter? It is composed of a symmetric hexagonand a semicircle 4 cm6
Nookie1986 [14]
=100.2743338823 which is 100
6 0
2 years ago
You sell sporting goods. Your wages depend on the value of your sales. One week you sold $3,500 in sporting goods, earning $950.
Semmy [17]

Answer:

y = 0.2x + 250

Step-by-step explanation:

let the sales be x and y be earnings

thus,

given

x₁ = $3,500 ; y₁ = $950

and,

x₂ = $2,800 ; y₂ = $810

Now,

the standard line equation is given as:

y = mx + c

here,

m is the slope

c is the constant

also,

m = \frac{y_2-y_1}{x_2-x_1}

or

m = \frac{810-950}{\textup{2,800-3,500}}

or

m = 0.2

substituting the value of 'm' in the equation, we get

y = 0.2x + c

now,

substituting the x₁ = $3,500 and y₁ = $950 in the above equation, we get

$950 = 0.2 × $3,500 + c

or

$950 = $700 + c

or

c = $250

hence,

The equation comes out as:

y = 0.2x + 250

7 0
1 year ago
You are in a bike race. When you get to the first checkpoint, you are 25 of the distance to the second checkpoint. When you get
Rom4ik [11]

Question:

You are in a bike race. When you get to the first checkpoint, you are 2/5 of the distance to the second checkpoint. When you get to the second check point, you are 1/4 of the distance to the finish. If the entire race is 40 miles, what is the distance between the start and the first check point?

Answer: 4 miles

Step-by-step explanation:

Let distance between start to first checkpoint = x

First checkpoint to second checkpoint = 2/5 of x

Distance of start to checkpoint 1 = ( 2/5 of start to checkpoint 2)

Distance of start to checkpoint 2 = (1/4 of start to finish)

If start to checkpoint 2 = 1/4 of start to finish

Then,

Distance of start to checkpoint 1 = ( 2/5 * 1/4 of start to finish)

Distance of start to checkpoint 1 = 2/20 of start to finish = 1/10 of start to finish

Entire race = 40 miles = distance from start to finish

1/ 10 of 40

= ( 1/10) × 40

= 4 miles

6 0
2 years ago
Erick, Mia, and Isabelle golfed 9 holes. Erick scored 10 more than Mia, and Isabelle scored 16 less than twice Mia's score. Use
klasskru [66]
X + x + 10 + 2x - 16

x = mia's score
x + 10 = erick's score
2x - 16 = isabelle's score

the entire expression is the sum of all 3 scores <==
3 0
2 years ago
Other questions:
  • What is the measure of PSQ in degrees? Angle PSR measures 99°.
    6·2 answers
  • A football conference is making a histogram of number of points scored in each game by its 14 team for the 12 weeks each team pl
    7·2 answers
  • The Ferris Wheel first appeared at the 1893 Chicago Exposition. Its axle was 45 feet long. Spokes radiated from it that supporte
    13·2 answers
  • Starting from 300 feet away, a car drives toward you. It then passes by you at a speed of 48 feet per second.The distance d (in
    5·1 answer
  • Alana is writing a coordinate proof to show that the diagonals of a rectangle are congruent. She starts by assigning coordinates
    13·2 answers
  • Here are Babe Ruth's home run totals for the New York Yankees during the years 1920 - 1934:54, 59, 35, 41, 46, 25, 47, 60, 54, 4
    10·2 answers
  • Sales tax in one state is 4%. What is the amount of tax on a $56.70 purchase?
    12·1 answer
  • Person A buys 10 granola bars and 6 cups of yogurt for 518 Person B buys 5 granola bars and 4 cups of yogurt for $9.50. Find the
    12·1 answer
  • Angel, Juan y Ricardo son hermanos. Durante el mes de agosto viajaron a visitar a sus padres que viven en Huancayo. Angel llega
    5·1 answer
  • This rectangular frame is made from 5 straight pieces of metal.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!