An investment of £1,000 in an account accumulated to £2,500 axfter 5 years. (i) State the accumulation factor A(0,5) . (ii) (a) Find the simple annual interest rate which would give the accumulation factor in part (i). (b) Find the annual compound interest rate which would give the accumulation factor in part (i).
An investment of £1,000 in an account accumulated to £2,500 axfter 5 years. (i) State the accumulation factor A(0,5) . (ii) (a) Find the simple annual interest rate which would give the accumulation factor in part (i). (b) Find the annual compound interest rate which would give the accumulation factor in part (i).
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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An investment of £1,000 in an account accumulated to £2,500 axfter 5 years.
(i) State the accumulation factor A(0,5) .
(ii) (a) Find the simple annual interest rate which would give the accumulation
factor in part (i).
(b) Find the annual compound interest rate which would give the
accumulation factor in part (i).
Plz solve all parts otherwise don't.
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