A refrigerator costs $580 a year to run. A family purchases a new one for $1200 that will save them 22% annually in energy costs. How many years does it take to pay for itself

It will take nine years and four months for the refrigerator to pay for itself.

Step-by-step explanation:

The new refrigerator which costs $1200, saves the family 22% annually in energy cost.

Since the old refrigerator costs $580 to run, we want to determine how many years it will take for 22% of $580 per year to make $1200.

22% of $580

= 580 × 0.22

= 127.6

That is, it saved then $127.6 per year.

Now,

$1200/127.6

≈ 9.4

Which means, it will take 9 years and 4 months for the refrigerator to pay for itself.

theres no picture: /

step-by-step explanation:

rick has $1400 and sally has $1500

step-by-step explanation:

to find amount of money rick has after 10 years :

principal = $1000 , time = 10 years , rate = 4% annually

to find amount of money sally has after 10 years :

her friend gives to pay her $50 per year, therefore money she has after 10 years = 50 × 10 = $500

also, sally gets $1000 after 10 years,

therefore, total amount of money sally has after 10 years = 500 + 1000 = $1500

so, after 10 years : rick has $1400 and sally has $1500