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
Two sides of a picture frame are glued together to form a corner. Each side is cut at a 45-degree angle. Using the illustration provided, ?nd the measure of ∠A. a. 45° b

find the area of the irregular shape 2cm 4cm 4cm 2cm 5cm 5cm

what is the difference between North America''s part of the total population and Africa''s part

Q. lim x tends to 0 (5 tanx sinx upon x square) here ( ) this bracket indicates greatest integer function Ans: You can calculate the limit of this function using basic concept of

Find the area of shaded region of circle of radius =7cm, if ∠AOB=70 o , ∠COD=50 o and ∠EOF=60 o . (Ans:77cm 2 ) Ans:    Ar( Sector AOB + Sector COD + Sector OEF) =  7

Product and Quotient Rule : Firstly let's see why we have to be careful with products & quotients.  Assume that we have the two functions f ( x ) = x 3   and g ( x ) = x 6 .


Write the subsequent 2nd order differential equation as a system of first order, linear differential equations. 2 y′′ - 5 y′ + y = 0  y (3) = 6  y′ (3) = -1  We can wri

If the points (5, 4) and (x, y) are equidistant from the point (4, 5), prove that x 2 + y 2 - 8x - 10y +39 = 0. Ans :   AP = PB AP 2 = PB 2 (5 - 4) 2 + (4 - 5) 2 = (x

what effect is the constant in an equation have on an graph