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Alex invests £4000 for 7 years. His investment pays compound interest of x% per annum. At the end of the 7 years alex’s investment is worth £5263.73 . Work out the value of x. Plz use a method
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Alex invests £4000 for 7 years. His investment pays compound interest of x% per annum. At the end of the 7 years alex’s investment is worth £5263.73 . Work out the value of x.

Plz use a method

User Dave Walker
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1 Answer

2 votes

Answer:

The value of x is 4%

User Ashish Bansal
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