I) A principal of 7650 OMR is invested at rate of 3.7% compounded continuously. After how many years will the investment first exceed 12250 OMR.

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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Problem Seven:
I)
A principal of 7650 OMR is invested at rate of 3.7% compounded continuously. After
how many years will the investment first exceed 12250 OMR.
II)
Find the interest rate required for a principal of 15000 OMR to produce a future value
40000 OMR in 8 years if the interest is compounded annually.
III) How long will it take for a principal of 1000 OMR to produce a future value of 2500
OMR at 10% rate of interest compounded continuously.
IV) The value of shares (V) after (t) days is given by the relation V = 3t + 10VE + 167.
After how many days the shares price will reach 500 OMR
Transcribed Image Text:Problem Seven: I) A principal of 7650 OMR is invested at rate of 3.7% compounded continuously. After how many years will the investment first exceed 12250 OMR. II) Find the interest rate required for a principal of 15000 OMR to produce a future value 40000 OMR in 8 years if the interest is compounded annually. III) How long will it take for a principal of 1000 OMR to produce a future value of 2500 OMR at 10% rate of interest compounded continuously. IV) The value of shares (V) after (t) days is given by the relation V = 3t + 10VE + 167. After how many days the shares price will reach 500 OMR
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