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Question 2: Sami inherits 10,000 OMR. A portion...
Question 2: Sami inherits 10,000 OMR. A portion of 4000 is invested at simple annual rate 6.5% how much additional money must he invest at 5% annual interest to ensure that the interest he receives each year is 6% of the total amount invested.
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Hussain Mustafa
Math Tutor
الأسئلة المجابة 43822 | نسبة الرضا 98.6%
Sami need 2000 OMR
2000 * 1 * 5 % = 100
4000 * 1 * 6.5 % = 260
Total = 4000 + 2000 = 6000 OMR
100 + 260 = 360
annual interest rate = 360/ 6000 = 0.06
annual interest rate = 6%
Then
Sami need 2000 OMR
2000 * 1 * 5 % = 100
4000 * 1 * 6.5 % = 260
Total = 4000 + 2000 = 6000 OMR
100 + 260 = 360
annual interest rate = 360/ 6000 = 0.06
annual interest rate = 6%
Then
Sami need 2000 OMR
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Hussain Mustafa
Math Tutor
الأسئلة المجابة 43822 | نسبة الرضا 98.6%
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