Question: 1. Time Interval Determine the amount of time required for money to double at 2% simple interest. 2. Interest Rate Derive the formula for the

1. Time Interval Determine the amount of time required for money to double at 2% simple interest.
2. Interest Rate Derive the formula for the (simple) interest rate r at which P dollars grow to F dollars in n years. That is, express r in terms of P, F, and n.
3. Present Value Derive the formula for the present value P of F dollars in n years at simple interest rate r.
4. Time Interval Derive the formula for the number of years n required for P dollars to grow to F dollars at simple interest rate r?

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