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beks73 [17]
2 years ago
13

How long will it take Birr 500

Mathematics
1 answer:
notka56 [123]2 years ago
4 0

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

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Answer lest edited 3:11 PM Central, 11/24/2020

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A rectangular parking lot has a perimeter of 820 ft. The area of the parking lot measure SL 42,000 ft
horsena [70]

Answer:

a= 200

b = 210

Step-by-step explanation:

My assumption is, we have to find the length of sides of rectangle

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area = a*b = 42,000 ft^2 (ii)

from eq (1)

2a + 2b = 820

=> 2(a+b) = 820

=> a+b = 820/2

=> a + b = 410

=> a = 410-b   (iii)

putting the value of a in eq(ii), we get

(410-b) *b = 42,000

410b - b^2 = 42,000

0 = b^2 - 410b + 42000

b^2 - 410b + 42000 = 0

b^2- 200b- 210b + 42000 = 0

b(b-200)-210(b-200) = 0

(b-200)(b-210) = 0

or

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if b is larger side than b =210

By putting value of b in eq(iii),

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6 0
3 years ago
The club buys shirts in bulk for 8 each. they mark up the shirts 75% to sell in the school store. At the end of the year, At the
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The amount of profit the spirit club make on each shirt sold at the end of the year is = $2

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That is 25/100 × 8

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Therefore, they made profit of $2 for each shirt they sold at the end of the year.

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