Share
A shipping company borrows £70 million at 5% compound interest to build a new cruise ship. If it repays the debt after three years
Question
A shipping company borrows £70 million at 5% compound
interest to build a new cruise ship. If it repays the debt
after three years, how much interest will the company pay?
in progress
0
Mathematics
1 year
2021-08-27T15:50:40+00:00
2021-08-27T15:50:40+00:00 1 Answers
0 views
0
Answers ( )
Answer:
10.500.000 libras esterlinas
Step-by-step explanation:
70000000 x 0,05 = 3.500.000
3.500.000 x 3 = 10.500.000