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?​

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Kim Cúc 1 year 2021-08-27T15:50:40+00:00 1 Answers 0 views 0

Answers ( )

  1. thachthao
    0
    2021-08-27T15:52:17+00:00
    Reply

    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

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