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

Danielle requires knowing the distance around a basketball court. What geometry formula will she use? The perimeter of a rectangle is two times the length plus two times the wi


some experts estimate that the cost of education in the US increases by 6% p.a. An Ivy League college currently costs $24,502 for one year''s study today. Using compound interest r

9x-5x+2 and y=4x+12

given dimensions: 130cm, 180cm, and 190cm is to be divided by a line bisecting the longest side shown from its opposite vertex. what''s the area adjacent to 180cm? ;

Find the Laplace transforms of the specified functions. (a)   f(t) = 6e 5t + e t3 - 9 (b)   g(t) = 4cos(4t) - 9sin(4t) + 2cos(10t) (c)    h(t) = 3sinh(2t) + 3sin(2t)



Hypothesis Testing About The Difference Between Two Proportions Hypothesis testing about the difference between two proportions is used to test the difference between the propo