Yes so what would be his time limit or how much does he need to make?
The upper bound is 56cm I think
(4,-2) Y/x With the s/f of 2
The time it will take before your investment is worth $6000 = 7 years
<h3>Calculation of simple interest </h3>
The amount of money invested per month = $150
Therefore the amount principally invested yearly;
= 12 × 150 = $1,800
Simple interest = $6000
Rate = 4%
Time = ?
Using the formula for Simple interest (SI)= P×T×R/100
Make T the subject of formula,
T = SI × 100/P×R
T = $6000×100/1800×4
T = 600000/7200
T= 83 months/ 12 = 7 years
Learn more about simple interest here:
brainly.com/question/20690803
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