What does the problem 37( 253,080 equal?
2 answers:
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ANSWER
The length of the rectangular field is 99 yards
EXPLANATION
Given information
The perimeter of a rectangle field is 372 yards
The width of the field is 87 yards
To find the length of the rectangular field, follow the steps below
Step 1: Write the formula for finding the perimeter of a rectangular field
Step 2: Substitute the given data into the formula in step 1
Hence, the length of the rectangular field is 99 yards
Answer:
4 years and 2 months
Step-by-step explanation:
<u>Simple interest formula</u>
A = P(1 + rt)
where:
- A = final amount
- P = principal amount
- r = interest rate (in decimal form)
- t = time (in years)
Given:
- A = $500 × 2 = $1,000
- P = $500
- r = 24% = 0.24
Substitute the given values into the formula and solve for t:
Therefore, it takes 4 years and 2 months for the initial investment of $500 to double at a simple interested rate of 24%.