Hussein deposited OMR 3,000 in a savings account at Bank Nizwa. a. What is the balance...
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Hussein deposited OMR 3,000 in a savings account at Bank Nizwa. a. What is the balance in Hussein's account after 4 years if the bank pays 10 % interest compounded quarterly? b. What is the balance in Hussein's account after 4 years if the bank pays at 10% simple interest? If you are Hussein, which method would you prefer? Explain C. Hussein deposited OMR 3,000 in a savings account at Bank Nizwa. a. What is the balance in Hussein's account after 4 years if the bank pays 10 % interest compounded quarterly? b. What is the balance in Hussein's account after 4 years if the bank pays at 10% simple interest? If you are Hussein, which method would you prefer? Explain C.
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