How much do you need to invest now in order to earn 25000, Microeconomics

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How much do you need to invest now in order to earn 25000

Question: 1. How much do you need to invest now in order to earn £25,000 in 10 years' time if the interest rate is

(a) 10%

(b) 8%

2. How many complete years must £2,400 be invested at 5% in order to accumulate a minimum of £3,000?

3. For how long must £5,000 be kept in a deposit account paying 8% interest before it accumulates to £7,500?

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Microeconomics: How much do you need to invest now in order to earn 25000

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