It would take 25 years for Birr 500 to quadruple if invested at a rate of 12% simple interest per annum.
<h3 /><h3>Simple interest formula</h3>
Using the simple interest formula A = P(1 + rt) where
- P = princial amount = Birr 500,
- A = final amount = 4P (since it is quadrupled),
- r = rate = 12% = 12/100 = 0.12 and
- t = time to quadruple
<h3 /><h3>Finding the time it takes to quadruple </h3>
Since we require t, making t subject of the formula, we have
t = [(A/P) - 1]/r
Substituting the values of the variables into the equation, we have
t = [(A/P) - 1]/r
t = [(4P/P) - 1]/0.12
t = [4 - 1]/0.12
t = 3/0.12
t = 25 years
So, it would take 25 years for Birr 500 to quadruple if invested at a rate of 12% simple interest per annum.
Learn more about simple interest here:
brainly.com/question/25793394
Answer:
r = 1/2
c1 = 3/4
c2 = 27/64
c3 = 405/1408
Step-by-step explanation:
Find the solution of 4x2y′′−4x2y′+y=0,x>04x2y″−4x2y′+y=0,x>0 of the form y1=xr(1+c1x+c2x2+c3x3+⋯)
r = 1/2
c1 = 3/4
c2 = 27/64
c3 = 405/1408
The solution is attached.
116 is the answer to 17.24 divided by 0.14
I’m also doing my homework but just search how to solve for an area of a circle :) I’m 100% sure it will help
Answer:
it equals to 25/9 or 2.777 as decimal
