Solve this ratio 18 hours to 2 days as a fraction in simplest form
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Answer:
Step-by-step explanation:
Since we have an amount in the future of 750, we are going to use Future value formula; FV = PV (1+r)^t
where PV= Initial amount deposited
r= interest rate or discount rate
t = total duration of the investment
FV= 750
PV=500
r = 2.5% or 0.025 as a decimal
t = ?
Next, plug in the numbers into the formula;
750 = 500* (1+0.025)^t
divide both sides by 500;
750/500 = 1.025^t
Introduce <em>ln</em> on both sides
ln 1.5 = ln
ln 1.5 = t ln 1.025
0.4054651 = 0.0246926 t
Divide both sides by 0.0246926 to solve for t;
0.4054651/0.0246926 = t
t = 16.42
Therefore it will take 16.42 years
The Municipality we be able to set up 597 street name boards with R2 left in the budget.
Data;
- Amount Budgeted = R80,000
- Cost of each board = R134
The number of streets boards that can be produced in the budget is calculated by dividing the total amount budgeted by the cost of each street board. This is done mathematically as
We would have a total of 597 street names on the budget with some amount left.
We can calculated this by multiplying 597 by 134 and then subtracting the value from R80,000
The Municipality we be able to set up 597 street name boards with R2 left in the budget.
Learn more on division of numbers here;