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

Absolute value of a number, At times we consider only the magnitude o...

At times we consider only the magnitude of the number without attaching much importance to its direction. Under these circumstances the sign attached with the num

Find the area of triangle, Find the area of TRIANGLE ? To find the area...

Find the area of TRIANGLE ? To find the area of a triangle, multiply the base (b) by the height (h), and divide the resulting number in half. In other words, area is. It is

Probability: determine the optimal strategy , On a picnic outing, 2 two-pe...

On a picnic outing, 2 two-person teams are playing hide-and-seek. There are four  hiding locations (A, B, C, and D), and the two members of the hiding team can hide separately in a

Wavy curve method, In order to compute the inequalities of the form ...

In order to compute the inequalities of the form   where n 1 , n 2 , ....... , n k , m 1 , m 2 , ....... , m p are natural and real numbers and a 1 , a 2 , ... , a k ,

Radius of convergence - sequences and series, Radius of Convergence We ...

Radius of Convergence We will be capable to illustrate that there is a number R so that the power series will converge for, |x - a| R.  This number is known as the radius of

Combination, Combination A combination is a group of times whether ord...

Combination A combination is a group of times whether order is not significant. For a combination to hold at any described time it must comprise of the same items however i

Unit rates with fractions, a math problem that involves the numbers $112 fo...

a math problem that involves the numbers $112 for 8 hours

Calculus, Given f (x) =10x^3 - x^5 , find all intervals(in Interval Notatio...

Given f (x) =10x^3 - x^5 , find all intervals(in Interval Notation) of Concavity and the x-values of all Inflection Points.

Sciencetific notations, how would you answer a question like this on here ...

how would you answer a question like this on here (8x10^5)

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