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 years, how much interest will the company pay?

Answers

Answer 1

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.

Answer 2

The formula for the amount earned with compound interest after n years is given as:

A = P [tex](1 + r/n)^{nt}[/tex]

P = principal

R = rate

t = time in years

n = number of times compounded in a year.

The interest the company paid is $11 million.

What is compound interest?

It is the interest we earned on the interest.

The formula for the amount earned with compound interest after n years is given as:

A = P [tex](1 + r/n)^{nt}[/tex]

P = principal

R = rate

t = time in years

n = number of times compounded in a year.

We have,

P = $70 million

r = 5%

t = 3 years

n = 1

A = 70 ( 1 + 0.05)³

A = 70 ( 1.05)³

A = 70 x 1.05 x 1.05 x 1.05

A = $81 million

The amount of interest.

= A - P

= 81 - 70

= $11 million

Thus,.

The interest the company paid is $11 million.

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Related Questions

PLEASE HELP!!
Find an equation in general form for the straight line that passes through the point (-1.4) and is
perpendicular to the line 2x + 3y = 6

Answers

9514 1404 393

Answer:

  3x -2y +11 = 0

Step-by-step explanation:

The equation of the line perpendicular to ax+by=c through point (h, k) can be written as ...

  b(x -h) -a(y -k) = 0

Simplifying this will put it in general form.

__

You have a=2, b=3, (h, k) = (-1, 4), so your equation is ...

  3(x +1) -2(y -4) = 0 . . . . fill in the values

  3x -2y +11 = 0 . . . . . . . simplify

What is the distance between (-3, -4) and (2,2)

Answers

Answer:

I did for you but I don't know you will understand my HANDWRITING or not .

:(

Exact Form:

61
61
Decimal Form:
7.81024967

In 2002, the population of a district was 22,800. With a continuous annual growth rate of approximately 5% what will the population be in 2012 according to the exponential growth function?

Answers

Answer:

37,139

Step-by-step explanation:

Given the following :

Population in 2002 = Initial population (P0) = 22,800

Growth rate (r) = 5% = 0.05

Growth in 2012 using the exponential growth function?

Time or period (t) = 2012 - 2002 = 10years

Exponential growth function:

P(t) = P0 * (1 + r) ^t

Where P(t) = population in t years

P(10) = 22800 * (1 + 0.05)^10

P(10) = 22800 * (1.05)^10

P(10) = 22800 * 1.62889

P(10) = 37138.797

P(10) = 37,139 ( to the nearest whole number)

How to differenciate natural,whole,integers,rational,irrational numbers and real numbers sets from -12 to 49 and draw numbers lines to represent prime numbers and divisible by 7.

Answers

Answer:

Step-by-step explanation:

Natural Numbers :

These are numbers used for counting, they are the numbers on a number line. From -12 to 49, the natural numbers are 1, 2, 3, ..., 49.

Whole Numbers:

These are numbers that can be written without havin to write in fractions. They are 0, 1, 2, ..., 49.

Rational Numbers:

These are numbers that can be expressed as fractions.

Irrational numbers :

These are numbers that cannot be expressed as fractions.

Real Numbers:

These are numbers that can be used to measure quantities, they include negative, positive numbers and zero. From -12 to 49, all the numbers are real.

Prime Numbers:

These are numbers that are divisible only by one and themselves.

From 7 to 49, the numbers divisible by 7 are 7, 14, 21, 28, 35, 42, and 49.

Only 7 is prime.

4.32/3.6=
please help soon!!

Answers

Answer:

if this is division it's 1.2.

Step-by-step explanation:

just divide it of its division if not sorry

Answer:

1.2

Step-by-step explanation:

a sequence starts a 200 and 30 is subtracted each time 200,170,140 what are the first two numbers in the sequence that are less
then zero

Answers

Answer:

- 10, - 40

Step-by-step explanation:

200, 170, 140, .... - 10, - 40 ....

30 × 5 = 150

140 - 150 = - 10

- 10 - 30 = - 40

One of the legs of a right triangle measures 16 cm and its hypotenuse measures 20
cm. Find the measure of the other leg. If necessary, round to the nearest tenth.

Answers

Answer:

12.

Step-by-step explanation:

Use the Pythagorean theorem. 16^2+b^2=20^2. Multiply the exponents: 256+b^2=400. subtract 256 from 400=144. Therefore 144=b^2. the square root of 144 is 12.

Write the gradient and the y intercept of the line y=-2x +4

Answers

Answer:

[tex]{ \bf{gradient = { \boxed{ - 2}}}} \\ \\ { \bf{y - intercept = { \boxed{4}}}}[/tex]

How many bicycles and how many skateboards are in the shop? Show your work.

Answers

Answer:75

Step-by-step explanation:54+21

Answer:

15 bicycles, 6 skateboards

Step-by-step explanation:

We are looking for the number of skateboards and the number of bicycles. Those two numbers are our unknowns.

We define variables for those two numbers.

Let s = number of skateboards.

Let b = number of bicycles.

A skateboard has 4 wheels. s number of skateboards have 4s wheels.

A bicycle has 2 wheels. b bicycles have 2b wheels.

The total number of wheels is 4s + 2b.

The total number of wheels is 54, so our first equation is

4s + 2b = 54

The total number of skateboards and bicycles combined is s + b.

We are told the total number of skateboards and bicycles combined is 21.

The second equation is

s + b = 21

We have a system of two equations in two unknowns.

4s + 2b = 54

s + b = 21

We can solve it by the elimination method.

Rewrite the first equation below.

Multiply both sides of the second equation by 2 and write it below that. Then add the equations.

          4s + 2b = 54

(+)      -2s - 2b = -42

-----------------------------

          2s         = 12

s = 6

There are 6 skateboards.

Now we substitute 6 for s in the second original equation and solve for b.

s + b = 21

6 + b = 21

b = 15

There are 15 bicycles.

Answer: 15 bicycles, 6 skateboards

What is a21 of the arithmetic sequence for which a7=−19 and a10=−28? A. -35 B. 35 C. -58 D. -61

Answers

Answer:

a21 = -61

Step-by-step explanation:

[tex]a_{n}=a_{1}+(n-1)d[/tex]

[tex]-19=a_{1}+(7-1)d[/tex]

[tex]-28=a_{1}+(10-1)d[/tex] (subtract to eliminate a₁)

9 = -3d

d = -3

-19 = a₁ + (6)(-3)

-1 = a

a21 = -1 + (21 - 1)(-3)

= -61

Answer:

-61 (Answer D)

Step-by-step explanation:

The general formula for an arithmetic sequence with common difference d and first term a(1) is

a(n) = a(1) + d(n - 1)

Therefore, a(7) = -19 = a(1) + d(7 - 1), or a(7) = a(1) + d(6) = -19

and a(10) = a(1) + d(10 - 1) = -28, or a(1) + d(10 - 1) = -28

Solving the first equation a(1) + d(6) = -19 for a(1) yields a(1) = -19 - 6d.  We substitute this result for a(1) in the second equation:

-19 - 6d + 9d = -28.  Grouping like terms together, we get:

3d = -9, and so d = -3.

Going back to an earlier result:  a(1) = -19 - 6d.

Here, a(1) = -19 - 6(-3), or a(1) = -1.

Then the formula specifically for this case is a(n) = -1 - 3(n - 1)

and so a(21) = -1 - 3(20) = -61 (Answer D)

Two trains station at the same time one travels east at 8 miles per hour .The other train traveles east at 8 millas per hour the other train travels west at 11 miles per hour in how many hours will the two trains apart

Answers

What is your question ? This isn’t clear

Correct answer gets 5 stars

Answers

Answer:

C

Step-by-step explanation:

The slope is (6-8)/(0-(-2))=-1. The y intercept is (0,6)

29. SCUBA DIVING The sign shows the equipment rented or sold by a scuba
diving store.
a. Write two expressions to represent the total sales to rent 2 wet suits,
3 air tanks, 2 dive flags, and selling 5 underwater cameras.
b. What are the total sales?

Answers

The total sales to rent the diving items are :

2(17.25) + 3(15.50) + 2(5.00) + 5(18.99)

2(17.25 + 5.00) + 3(15.50) + 5(18.99)

The total sales to rent the diving items is : $185.95

Given the following rental cost:

Underwater Camera = $18.99

Air tank = $15.50

Wet Suit = $17.25

Dive Flag = $5.00

Expressions to represent the cost of :

2 wet suits, 3 air tanks, 2 dive flags and 5 underwater cameras

Price = price per item × quantity purchased

Expression 1 :

2(17.25) + 3(15.50) + 2(5.00) + 5(18.99)

Similarly, we could group items with the same quantity together :

2(17.25 + 5.00) + 3(15.50) + 5(18.99)

Using either of the two expressions above, the total sales can be calculated thus :

2(17.25 + 5.00) + 3(15.50) + 5(18.99)

2(22.25) + 3(15.50) + 5(18.99)

44.50 + 46.50 + 94.95

= $185.95

The expressions for the total sales to rent the diving items are given above with a total sales value of $185.95

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Stuart needs to run by the store on his way to school. He begins at home, which on a coordinate plane is represented by the point (0,4). He walks to the store, which is the equivalent of walking 2 units right and 4 units down. After grabbing something to eat for lunch, he walks 3 units to the left and 5 units up to school. What point represents the school

Answers

-1,5 is the correct answer here. 0+2, 4-4 then 2-3 0+5.

On a horizontal number line, numbers to the...... are less than numbers to the..... Numbers to the right are........ numbers to the left.

Answers

on a horizontal number line . numbers to the left are less than numbers to the right .. numbers to the right are less than numbers to the left

The first few steps in solving the quadratic equation 5x2 + 27x = 14 − 13x by completing the square are shown.

5x2 + 27x = 14 − 13x

5x2 + 40x = 14

5(x2 + 8x) = 14

Which is the best step to do next to solve the equation by completing the square?

Answers

Answer:

Step-by-step explanation:

Give the equation 5x² + 27x = 14 − 13x, we are to write the steps needed to solve for x using the completing the square method.

Step 1: Rewrite the equation in a quadratic form by first adding 13x to both sides of the equation.

5x² + 27x +13x= 14 − 13x+13x

5x² + 40x = 14

Step 2: factor out the common constant in the left hand side of the equation.

5(x²+8x) = 14

Step3: The next step to take is to divide through by the the value of 5 to have;

5(x²+8x)/5 = 14/5

x²+8x = 14/5

Step 4: complete the square of the equation at the left hand side by adding the square of half of the coefficient of x to both sides i.e {1/2(8)}² which is 4²

x²+8x +4² = 14/5+4²

x²+8x +16 = 14/5+16

(x+4)² = 94/5

Step 5: Taking the square root of both sides

√(x+4)² = ±√94/5

x+4 = ±√94/5

Step 6: subtract 4 from both sides

x+4-4 = ±√94/5 - 4

x = ±√94/5 - 4

Hence the solution to the equation using completing the square method is x = -4±√94/5

Answer:

5(x2 + 8x + 16) = 94

Step-by-step explanation:

The slope of a line parallel to y=-1/2x+1 is:

A. 2.
B. -1/2.
C. 1.

Answers

Answer:

-1/2. The slope of a line parallel to another line will be the same. Using the slope-intercept form formula, y=mx + b where m is the slope, we know that the slope is -1/2.

0.21212121 as a fraction

Answers

Answer:

21212121/100000000

Step-by-step explanation:

21212121/100000000 cannot be simplified

Hope this helps!

Answer:

0.21212121 Cannot be converted into a fraction

What is the formula for a^3-b^3??

Answers

Answer:

[tex]\boxed{\mathrm{view \ explanation}}[/tex]

Step-by-step explanation:

The difference of two cubes formula is given as:

[tex]a^3-b^3 =(a-b)(a^2 +ab+b^2)[/tex]

Step-by-step explanation:

[tex] {(a - b)}^{3} = {(a - b)}^{2} (a - b)[/tex]

[tex] {a}^{3} - 3{a}^{2} b + 3a {b}^{2} - {b}^{3} = {(a - b)}^{2} (a - b)[/tex]

[tex] {a}^{3} - {b}^{3} + 3ab(a - b)= {(a - b)}^{2} (a - b)[/tex]

[tex] {a}^{3} - {b}^{3}= {(a - b)}^{2} (a - b) + 3ab(a - b)[/tex]

[tex] {a}^{3} - {b}^{3} = (a - b)(( {a}^{2} - 2ab + {b}^{2} ) - 3ab)[/tex]

[tex] {a}^{3} - {b}^{3} = (a - b)( {a}^{2} + ab + {b}^{2} )[/tex]

Company a samples 16 workers, and their average time with the company is 5.2 years with a standard deviation of 1.1. Company b samples 21 workers and their average time with the company is 4.6 years with a standard deviation 4.6 years

Answers

Company a samples 16 workers, and their average time with the company is 5.2 years with a standard deviation of 1.1. Company b samples 21 workers and their average time with the company is 4.6 years with a standard deviation 4.6 years

The populations are normally distributed.  Determine the:

Hypothesis in symbolic form?

Determine the value of the test statistic?

Find the critical value or value?

determine if you should reject null hypothesis or fail to reject?

write a conclusion addressing the original claim?

Answer:

Step-by-step explanation:

GIven that :

Company A

Sample size n₁ = 16 workers

Mean [tex]\mu[/tex]₁ = 5.2

Standard deviation [tex]\sigma[/tex]₁ = 1.1

Company B

Sample size n₂ = 21 workers

Mean [tex]\mu[/tex]₂ = 4.6

Standard deviation [tex]\mu[/tex]₂ = 4.6

The null hypothesis and the alternative hypothesis can be computed as follows:

[tex]H_o : \mu _1 = \mu_2[/tex]

[tex]H_1 : \mu _1 > \mu_2[/tex]

The value of the test statistics can be determined by using the formula:

[tex]t = \dfrac{\overline {x_1}- \overline {x_2}}{\sqrt{\sigma p^2( \dfrac{1}{n_1}+\dfrac{1}{n_2})}}[/tex]

where;

[tex]\sigma p^2= \dfrac{(n_1 -1) \sigma_1^2+ (n_2-1)\sigma_2^2}{n_1+n_2-2}[/tex]

[tex]\sigma p^2= \dfrac{(16 -1) (1.1)^2+ (21-1)4.6^2}{16+21-2}[/tex]

[tex]\sigma p^2= \dfrac{(15) (1.21)+ (20)21.16}{35}[/tex]

[tex]\sigma p^2= \dfrac{18.15+ 423.2}{35}[/tex]

[tex]\sigma p^2= \dfrac{441.35}{35}[/tex]

[tex]\sigma p^2= 12.61[/tex]

Recall:

[tex]t = \dfrac{\overline {x_1}- \overline {x_2}}{\sqrt{\sigma p^2( \dfrac{1}{n_1}+\dfrac{1}{n_2})}}[/tex]

[tex]t = \dfrac{5.2- 4.6}{\sqrt{12.61( \dfrac{1}{16}+\dfrac{1}{21})}}[/tex]

[tex]t = \dfrac{0.6}{\sqrt{12.61( \dfrac{37}{336})}}[/tex]

[tex]t = \dfrac{0.6}{\sqrt{12.61(0.110119)}}[/tex]

[tex]t = \dfrac{0.6}{\sqrt{1.38860059}}[/tex]

[tex]t = \dfrac{0.6}{1.178388981}[/tex]

t = 0.50917

degree of freedom df = ( n₁ + n₂ - 2 )

degree of freedom df = (16 + 21 - 2)

degree of freedom df = 35

Using Level of  significance ∝ = 0.05, From t-calculator , given that t = 0.50917 and degree of freedom df = 35

p - value =  0.3069

The critical value [tex]t_{\alpha ,d.f}[/tex] = [tex]t_{0.05 , 35}[/tex] = 1.6895

Decision Rule: Reject the null hypothesis if the test statistics is greater than the critical value.

Conclusion: We do not reject the null hypothesis because, the test statistics is lesser than the critical value, therefore we conclude that there is  no sufficient information that the claim that company a retains it workers longer than more than company b.

A finite geometric series is the sum of a sequence of numbers. Take the sequence 1, 2, 4, 8, … , for example. Notice that each number is twice the value of the previous number. So, a number in the sequence can be represented by the function f(n) = 2n–1. One way to write the sum of the sequence through the 5th number in the sequence is ∑5n-12n-1. This equation can also be written as S5 = 20 + 21 + 22 + 23 + 24. If we multiply this equation by 2, the equation becomes 2(S5) = 21 + 22 + 23 + 24 + 25. What happens if you subtract the two equations and solve for S5? Can you use this information to come up with a way to find any geometric series Sn in the form ∑an-1bn-1?

Answers

hope this helps you alot

Where can parentheses be placed in the expression so that it has a value of 26? 4+2 ⋅ 14−3

Answers

Answer:  4+2 x (14-3)

Step-by-step explanation:

PLEASE help me solve this question! No nonsense answers please!

Answers

Answer:

[tex]\boxed{\sf Option \ 1}[/tex]

Step-by-step explanation:

The profit is revenue (R ) - costs (C ).

Subtract the expression of costs (C ) from revenue (R ).

[tex]10x-0.01x^2-(2x+100)[/tex]

Distribute negative sign.

[tex]10x-0.01x^2-2x-100[/tex]

Combine like terms.

[tex]8x-0.01x^2-100[/tex]

The first option has a positive 100, which is wrong.

The rest options are right, when we expand brackets the result is same.

Plz Help I would appreciate it!!!

Answers

Answer:

a) Similar triangles are triangles with the same shape but not necessarily the same size

b) 15/45 = 8/x

1/3 = 8/x (simplify the 15/45)

x = 8 * 3 (cross multiplication)

x = 24

c) y^2 = 15^2 + 8^2 (Pythagoras theorem)

y = *square root of* 15^2 + 8^2

y = 17

1/3 = 17/z

z = 17 * 3 (cross multiplication)

z = 51

On a coordinate plane, parallelogram H I J K is shown. Point H is at (negative 2, 2), point I is at (4, 3), point J is at (4, negative 2), and point K is at (negative 2, negative 3). HIJK is a parallelogram because the midpoint of both diagonals is __________, which means the diagonals bisect each other

Answers

Answer: HIJK is a parallelogram because the midpoint of both diagonals is (1,0) , which means the diagonals bisect each other.

Step-by-step explanation:

Given: The coordinates of parallelogram H I J K as

H is at (- 2, 2), point I is at (4, 3), point J is at (4, - 2), and point K is at (- 2, - 3).

Diagonals : HJ and IK  [join opposite vertices]

Mid point of HJ = [tex](\dfrac{x_1+x_2}{2},\dfrac{y_1+y_2}{2})[/tex]

[tex]=(\dfrac{-2+4}{2},\dfrac{2+(-2)}{2})=(1,0)[/tex]

i.e. Mid point of HJ = (1,0)

Mid point of IK = [tex](\dfrac{x_1+x_2}{2},\dfrac{y_1+y_2}{2})[/tex]

[tex]=(\dfrac{4+(-2)}{2},\dfrac{3+(-3)}{2})=(1,0)[/tex]

i.e. Mid point of IK = (1,0) =Mid point of HJ

When mid points of both diagonals are equal then that means the diagonals bisect each other.

Thus, HIJK is a parallelogram because the midpoint of both diagonals is (1,0) , which means the diagonals bisect each other.

Answer:

(1,0)

Step-by-step explanation:

−|9| = −9 True or False

Answers

Answer:

True

Step-by-step explanation:

|9| means the absolute value, how far it is away from zero, so that's 9. Then it's just -9=-9. If it were |-9| then the absolute value would be 9 making the equation false.

The expression −|9| is the negation of the absolute value of 9, which is 9. This is not equal to -9.

Hence, The answer is False.

The absolute value of a number is its distance from zero. It is always non-negative. Therefore, the absolute value of 9 is 9, not -9.

The negation of a number is its opposite. The opposite of 9 is -9.

Therefore, the expression −|9| is the negation of the absolute value of 9, which is 9. This is not equal to -9.

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A trader bought a bag for 125gh cedis. he later sold it at a profit of 30%. What is his selling price

Answers

Answer:

162.5 Cedis

Step-by-step explanation:

Cost Price= 125

Profit % = 30%

Selling price=?

Selling price= Cost price+ profit

Profit = ?

[tex]profit \% = \frac{profit}{cost \: price} \times 100[/tex]

[tex]30 \% = \frac{x}{125} \times 100[/tex]

[tex]30 \% = \frac{100x}{125} \\ 30 \times 125 = 100x[/tex]

[tex]3750 = 100x \\ \frac{3750}{100} = \frac{100x}{100} \\ x = 37.5[/tex]

Profit = 37.5 gh Cedis

Selling price= 125+37.5

Selling price= 162.5 gh Cedis

The selling price of a bag is 162.5Cedis.

It is required to find the selling price.

What is profit?

The profit is defined as the amount gained by selling a product, and it should be more than the cost price of the product.

Given that :

Let the profit be x.

Cost Price= 125

Profit % = 30%

profit%=profit/cp*100

30=profit/125*100

3750=100x

x=37.5

profit=37.5

Selling price= Cost price+ profit

Selling price=125+37.5

Selling price=162.5ghcedis

So, the selling price of a bag is 162.5Cedis.

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Simplify each of the following, giving your answers with positive indices. f⁴÷f³×f​

Answers

Answer:

The answer

f^2

Step-by-step explanation:

So first we write down the expression

f^4/f^3 x f

now we follow the BODMAS

B - Brackets

O - Power

D - Division

M - Multiplication

A - Addition

S - Subraction

________________________________________

So this in equation (f^4/f^3 x f) we have to first divide. So in algebra when dividing, we have subtract the number.

Here

f^4-3 = f

so now we are left

f x f

when you times sometimes by itself we call it squared so you write it as

= f^2

A) Ali travelled 40 kilometers in his car and it took him 50 minutes to complete the journey. How long will it take if he had to travel 100 kilometers in the same car?

Answers

Answer:

2 hours and 5 minutes

Step-by-step explanation:

50/40=1.25 km/m

100*1.25=125 minutes

125 minutes= 2.08 hours= 2 hours and 5 minutes

A tent is in the form of a right circular cylinder and cone. The radius of the cone and cylinder is 4 meters. The height of the cylinder and cone are 4.5 meters and 3 meters respectively. Find the outer surface area of the tent. (Assume π = 22 /7)

Answers

Answer:

176m²

Step-by-step explanation:

When we are asked to find the outer surface area of a geometric shape, it means to find the Lateral or Curved Surface Area of the shape. We are given two shapes above.

Step 1

Find the Outer surface area of the cone

Outer / Lateral surface area of a cone =

πrl

Where l = √r² + h²

r = 4 m

h = 3m

Outer surface area = 22/7 ×√4² + 3²

= 22/7 × √16 + 9

= 22/7 × √25

= 22/7 × 5

= 62.83185m²

Step 2

Find the outer surface area of a cylinder

= 2πrh

π = 22/7

r = 4m

h = 4.5

π = 22/7

Outer surface area of a cylinder = 2 × 22/7 × 4 × 4.5

= 113.09734m²

Step 3

The Outer Surface Area of the Tent = Outer Surface Area of the cone + Outer Surface Area of the cylinder

= 62.83185m² + 113.09734m²

= 175.92919m²

Approximately ≈ 176m²

Therefore, the outer surface area of the tent = 176m²

Other Questions
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