Hey, can someone help me with this question?
1 answer:
Step-by-step explanation:
A = P(1 + r)^t
£5263.73 = £4000(1 + 0.01x)^7
(1 + 0.01x)^7 = 1.3159325
1 + 0.01x = 1.04
0.01x = 0.04
x = 4.
The value of x is 4.
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