According to Fox Sports Article Victorian citizens were charged $30 million Tax a year which is considered to be the secret license fee for the Formula1 to be held in Melbourne.
It was eight years.
tyusio
Usually whatever money he has saved and invested over the years.
If interest money will be added to to invested money each year, the result will be 15000x(1+0.05)^10=24,433.42 (rounded) If interest money will not be added to to invested money, the result will be 15000x(1+0.05x10)=22,500
It will take 19 years.
The years season begins on March 14th with the Bahrain GP.
Type your answer here... $8,324.59
Simple interest = money invested x rate/100 x number of years
4795.65 (approx).
590.05 usd
If you would have gotten 10% interest, your money would have doubled every 7 years.
You would need 9687 dollars.