Accumulated amount , Mathematics

Assignment Help:

$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.


Related Discussions:- Accumulated amount

Index number, reflection about index number in a creative way

reflection about index number in a creative way

Bayes’ theorem, Bayes’ Theorem In its general form, Bayes' theorem deal...

Bayes’ Theorem In its general form, Bayes' theorem deals with specific events, such as A 1 , A 2 ,...., A k , that have prior probabilities. These events are mutually exclusive

I need help in math badly, I just have a hard time in math in every other c...

I just have a hard time in math in every other class I have an A or B but in math I have a C+ I at least want a B- or B+ or A- or even an A+

Simplex table, maximize Z=2x+5y+7z, subject to constraints : 3x+2y+4z =0

maximize Z=2x+5y+7z, subject to constraints : 3x+2y+4z =0

Prove that the poset has a unique least element, Prove that the Poset has a...

Prove that the Poset has a unique least element Prove that if (A, ) has a least element, then (A,≤)  has a unique least element. Ans: Let (A, ≤) be a poset. Suppose the po

Estimate percent of the babies born among 6 and 8.5 pounds, 25% of babies b...

25% of babies born at Yale New Haven Hospital weigh less than 6 pounds and 78% weigh less than 8.5 pounds. What percent of the babies born at Yale New Haven Hospital weigh among 6

One-sided limits, One-sided limits: We do this along with one-sided limits...

One-sided limits: We do this along with one-sided limits.  As the name implies, with one-sided limits we will just looking at one side of the point in question.  Following are the

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd