The number of months that it would take me to accumulate the Birr 3,000,000 is 50 months.
<h3>How many months would it take to accumulate 3,000,000?</h3>
The equation that represents the total amount saved :
Total amount =amount invested + total interest earned + total amount earned
Total interest earned = amount invested x time x interest rate
2,000,000 x 0.005 x m = 10,000m
Total amount earned = savings per month x total number of months
10,000m
3,000,000 = 2,000,000 + 10,000m + 10,000m
3,000,000 - 2,000,000 = 20,000m
1,000,000 = 20,000m
m = 50 months
To learn more about interest, please check: brainly.com/question/26164549
#SPJ1
