Solve the following; a) Find the time in years to increase an amount of money from 15000 to 25000 at a rate of 6.75% per annum, simple interest? b) If 150000 OMR is deposit in a bank at rate of 8.25%, compounded weekly, what will be in the account after 4years?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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Solve the following; a) Find the time in years to increase an amount of money from 15000 to 25000 at a rate of 6.75% per annum, simple interest? b) If 150000 OMR is deposit in a bank at rate of 8.25%, compounded weekly, what will be in the account after 4years?
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