Problem Six: A principal of 2000 OMR is invested for 3 years at rate 8%. Find the future value if i) The interest is compounded annually. ii) The interest is compounded quarterly. iii) The interest is compounded continuously.

Problem Six: A principal of 2000 OMR is invested for 3 years at rate 8%. Find the future value if i) The interest is compounded annually. ii) The interest is compounded quarterly. iii) The interest is compounded continuously.

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter5: Inverse, Exponential, And Logarithmic Functions

Section: Chapter Questions

Problem 22T

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Question

Problem Six: A principal of 2000 OMR is invested for 3 years at rate 8%. Find the future value
if
i)
The interest is compounded annually.
ii)
The interest is compounded quarterly.
iii)
The interest is compounded continuously.

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