1. Mohammed estimate that he will need RO 10,000 in 5 years to fund his university education. How much should he invest in a trust fund that pays an interest rate of 5% pa compounded quarterly?

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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1. Mohammed estimate that he will need RO 10,000 in 5
years to fund his university education. How much should
he invest in a trust fund that pays an interest rate of 5% pa
compounded quarterly?
2. Ahmed took a total of 32 quizzes over the course of 4
weeks. How many weeks of school will Ahmed have to
attend this quarter before he will have taken a total of 48
quizzes? Assume the relationship is directly proportional.
Transcribed Image Text:1. Mohammed estimate that he will need RO 10,000 in 5 years to fund his university education. How much should he invest in a trust fund that pays an interest rate of 5% pa compounded quarterly? 2. Ahmed took a total of 32 quizzes over the course of 4 weeks. How many weeks of school will Ahmed have to attend this quarter before he will have taken a total of 48 quizzes? Assume the relationship is directly proportional.
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