1. 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?

2.   A woman borrows $100 000 for home improvements. The compound interest rate is 15% p.a. and she repays it in full after 3 years. 

       How much interest will she pay