Answer:
20
Step-by-step explanation:
<em>5+5+5+5</em>
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:
z-value of rachel = 1.875
z-value of rob = -2
z-value of Rachel is more than that of rob. Thus rob is earning below average and rachel is earning above average.
Step-by-step explanation:
Let's denote the salary of Rob and Rachel per year by X. So, X = $50,000
We are told that;
For Rachel's industry;
Mean salary;μ1 = $35,000
Standard deviation;σ1 = $8,000
For Rob's industry;
Mean salary;μ2 = $60,000
Standard deviation;σ2 = $5,000
Formula for z - value is;
z = (X - μ)/σ
Thus;
z-value for rob is;
z2 = (X - μ2)/σ2
z2 = (50000 - 60000)/5000
z2 = -2
z-value for rachel is;
z1 = (X - μ1)/σ1
z1 = (50000 - 35000)/8000
z1 = 1.875
z-value of Rachel is more than that of rob. Thus rob is earning below average and rachel is earning above average.
Answer:
either 20* and 140*, or 80* and 80*
Step-by-step explanation:
Answer:
A
Step-by-step explanation:
