What rate must it earn interest at

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Reference no: EM131482070

Question: 1. If it can earn 9.5% interest, how long would any given sum of money take to treble its value?

2. If one needs to have a final sum of £20,000, how many years must one wait if £12,500 is invested at 9%?

3. How long will £70,000 take to accumulate to £100,000 if it is invested at 11%?

4. If £6,000 is to accumulate to £10,000 after being invested for 5 years, what rate must it earn interest at?

Reference no: EM131482070

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