Q1. A person planned to start a business venture in Muscat and decided to borrow a loan of OMR A from Bank Muscat at an interest rate of B % per annum. Determine the following A=48000 a) Simple interest and total amount due after years if no intermediate payments are Ba36 made and interest is compounded annually. C=8 b) Compound interest and total amount due after D years if no intermediate payments made and interest is compounded annually. D=5 c) Compound interest after D years if the interest is compounded after 3 months. d) Difference between simple interest and compound interest after years. e) Nominal and effective interest rate if the interest is compound after 2 months. ay ago Q2. Process equipment is purchased in a chemical industry in 2020 for OMR F for an expected service life of G years. Original salvage value was estimated to be OMR H at the end of service life. Prepare a table showing the depreciation cost and book value for each year by using the following depreciation methods. F=28000 G7 H=14000 a) Straight line method b) Declining balance method c) Double declining balance method d) Sum of the years digit method e) MACRS method using half year convection (Refer the fixed percentage factor table for applicable year from the textbook)