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).

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
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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