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.
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
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.
iiii) The value of shares (?) after (?) days is given by the relation ? . After how many days the shares price will reach 500 OMR
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