Accepted Answer
The weight of the load is (mass) x (gravity).The work done to lift it is (weight) x (distance) = (mass) x (gravity) x (distance) The power is (work)/(time) = (mass) x (gravity) x (distance) / (time) = (500 kg) x (9.8 m/s²) x (12 m) / (1 sec) = (500 x 9.8 x 12 / 1) (kg-m / sec²) (m) / (sec) = (500 x 9.8 x 12 / 1) newton - meter / sec = (500 x 9.8 x 12 / 1) joule / sec = 58,800 watts = 58.8 kW = about 78.8 horsepower