a. Bank Nizwa offers a saving account at the rate 20% simple interest. If you deposit RO 592 in this saving account, then how much time will take to amount RO 2592? b. (b. At what annual rate of interest, compounded weekly, will money triple in 92 months?

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 38E
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a. Bank Nizwa offers a saving account at the rate 20 % simple interest. If you
deposit RO 592 in this saving account, then how much time will take to
amount RO 2592?
b. (b. At what annual rate of interest, compounded weekly, will money triple
in 92 months?
100°F S
Transcribed Image Text:a. Bank Nizwa offers a saving account at the rate 20 % simple interest. If you deposit RO 592 in this saving account, then how much time will take to amount RO 2592? b. (b. At what annual rate of interest, compounded weekly, will money triple in 92 months? 100°F S
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