Accumulated amount , Mathematics

$26,000 is spended for two years. In the first year it gets interest at 8.3% p.a. compounded semi annually. In the same year the rate of interest changes to 7.5% p.a. compounded daily (Suppose 365 days in a year).  

(i) Find the accumulated amount at the finish of 2 years.

(ii) Find the interest rate p.a. compounded annually, that would give the similar accumulated value at the end of 2 yrs.

Posted Date: 3/23/2013 6:08:55 AM | Location : United States







Related Discussions:- Accumulated amount , Assignment Help, Ask Question on Accumulated amount , Get Answer, Expert's Help, Accumulated amount Discussions

Write discussion on Accumulated amount
Your posts are moderated
Related Questions
how many words can be formed from letters of word daughter such that word contain 2vowles and 3consonant

develop any two linear equation which are reducible into linear form from our daily life by cross multiplication

which fractions is equivalent to 5/ 6 a.20/24 b.9/10 c.8/18 d.10/15

In the figure, ABCD is a square inside a circle with centre O. The Centre of the square coincides with O & the diagonal AC is horizontal of AP, DQ are vertical & AP = 45 cm, DQ = 2


$26,000 is spended for two years. In the first year it gets interest at 8.3% p.a. compounded semi annually. In the same year the rate of interest changes to 7.5% p.a. compounded da


It takes the moon an average of 27.32167 days to circle the earth. Round this number to the closest thousandth. The thousandths place is the third digit to the right of the dec

The sum of two numbers is 19, their difference is 5. find the numbers

find a common tangent to two circles