Question

Hey, can someone help me with this question?

Answer 1

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.