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...


Problem Seven:<br>I)<br>A principal of 7650 OMR is invested at rate of 3.7% compounded continuously. After<br>how many years will the investment first exceed 12250 OMR.<br>II)<br>Find the interest rate required for a principal of 15000 OMR to produce a future value<br>40000 OMR in 8 years if the interest is compounded annually.<br>III)<br>How long will it take for a principal of 1000 OMR to produce a future value of 2500<br>OMR at 10% rate of interest compounded continuously.<br>IV) The value of shares (V) after (t) days is given by the relation V = 3t + 10/t + 167.<br>After how many days the shares price will reach 500 OMR<br>

Extracted 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 + 10/t + 167. After how many days the shares price will reach 500 OMR

Jun 03, 2022
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