A company earns about Rs 288 million in six years. How much does the company earn in 1 month approximately? How many more years would it take the company to make another Rs 576 million? Give an estimated answer.
Answer (2)
Calculate the annual earnings: Annual Earnings = 6 288 = 48 million/year.
Calculate the monthly earnings: Monthly Earnings = 12 48 = 4 million/month.
Calculate the additional years to earn Rs 576 million: Additional Years = 48 576 = 12 years.
The company earns approximately Rs 4 million per month, and it will take 12 more years to earn an additional Rs 576 million: 12 years .
Explanation
Understanding the Problem The problem states that a company earns approximately Rs 288 million in 6 years. We need to find out how much the company earns in one month and how many more years it would take for the company to earn an additional Rs 576 million.
Calculating Annual Earnings First, we calculate the annual earnings of the company by dividing the total earnings by the number of years: Annual Earnings = Number of Years Total Earnings Annual Earnings = 6 years 288 million = 48 million/year So, the company earns approximately Rs 48 million per year.
Calculating Monthly Earnings Next, we calculate the monthly earnings by dividing the annual earnings by 12 (since there are 12 months in a year): Monthly Earnings = 12 Annual Earnings Monthly Earnings = 12 months/year 48 million/year = 4 million/month Therefore, the company earns approximately Rs 4 million per month.
Calculating Additional Years Now, we need to find out how many more years it would take for the company to earn an additional Rs 576 million. We divide the target earnings by the annual earnings: Additional Years = Annual Earnings Target Earnings Additional Years = 48 million/year 576 million = 12 years Thus, it would take the company approximately 12 more years to earn an additional Rs 576 million.
Final Answer In summary, the company earns approximately Rs 4 million per month, and it would take approximately 12 more years to earn an additional Rs 576 million.
Examples
Understanding a company's earnings over time can help in financial planning and investment decisions. For example, if you know a company's monthly earnings, you can estimate its future growth and profitability. This can be useful for investors who are considering investing in the company, or for the company itself in setting financial goals and strategies. By analyzing past performance and projecting future earnings, stakeholders can make informed decisions about resource allocation and investment.
The company earns approximately Rs 4 million per month, and it will take about 12 additional years to earn another Rs 576 million.
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