Problem
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?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.