Hashim wants to invest an amount of OMR. 9800 every year to buy a house at the end of 10 years. For this purpose, he wants to invest some money in a saving bank but does not know the exact amount of...


Hashim wants to invest an amount of OMR. 9800 every year to buy a house at the end of 10 years. For this purpose, he wants to invest some money in a saving bank but does not know the exact amount of money he will get after 10 years


a) What amount will he receive assuming an interest rate of 4.005%?


b) What amount will he receive assuming an interest rate of 5.50%?


c) Suggest the option which will be enough to meet his house which is estimated to be OMR. 100000?



Jun 05, 2022
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