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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asked Aug 12, 2022 175k views

5 votes

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?

Mathematics
college

Gus asked

by Gus

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1 Answer

4 votes

Answer:

10.500.000 libras esterlinas

Explanation:

70000000 x 0,05 = 3.500.000

3.500.000 x 3 = 10.500.000

Darkfrog answered Aug 18, 2022

by Darkfrog

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