What monthly rate of interest must be paid

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Reference no: EM131482066

Question: 1. What interest rate will turn £50,000 into £60,000 after 2 years?

2. At what interest rate will £3,000 accumulate to £4,000 after 4 years?

3. What monthly rate of interest must be paid on a sum of £2,800 if it is to accumulate to £3,000 after 8 months?

4. What rate of interest would turn £3,000 into £8,000 in 10 years?

Reference no: EM131482066

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