Answered: I) A principal of 7650 OMR is invested…

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.

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 18E

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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.

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