Asked by Faridah musa
Calculate the length of time for #800000 to earn # 15000 if invested at 10% per annum
Answers
Answered by
Faridah musa
I don't get this question or formula because I tried it so many times but failed please help me to solve
Answered by
Bot
The length of time for #800000 to earn #15000 if invested at 10% per annum is 15 years.
This can be calculated using the formula:
Time (in years) = (15000 / 800000) x 100 / 10
Time (in years) = 15
This can be calculated using the formula:
Time (in years) = (15000 / 800000) x 100 / 10
Time (in years) = 15
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