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

Applications of series - differential equations, Series Solutions to Differ...

Series Solutions to Differential Equations Here now that we know how to illustrate function as power series we can now talk about at least some applications of series. There ar

Polynomials, for what value of k,the following system of equations have inf...

for what value of k,the following system of equations have infinite solutions?kx + 5y -(k-5)=0;20x +ky - k=0

Determine the displacement, Example: A 16 lb object stretches a spring 8/9...

Example: A 16 lb object stretches a spring 8/9 ft by itself. Here is no damping as well as no external forces acting on the system. The spring is firstly displaced 6 inches upward

Determines the first four derivatives of y = cos x, Example    determines t...

Example    determines the first four derivatives for following.                                                                  y = cos x Solution: Again, let's just do so

????????, ?????? ?????? ?? ???? ??????? ???????? ?????? 3.5 ?? ??? ???? ???...

?????? ?????? ?? ???? ??????? ???????? ?????? 3.5 ?? ??? ???? ???? ????? 50??/???? ??????20??/???? ???? ?? ?? ?????? ???????? ??? ??? ?? ??????? ??????? ? ?? ????? ????

Evaluate of the largest angle, The measures of the angles of a triangle are...

The measures of the angles of a triangle are in the ratio of 3:4:5. Evaluate of the largest angle. a. 75° b. 37.5° c. 45° d. 60° a. The addition of the measures of t

Determine a trigonometric function, At rest, the human heart beats once eve...

At rest, the human heart beats once every second. At the strongest part of the beat, a person's blood pressure peaks at 120mmHg. At the most relaxed part of the beat, a person's bl

Prove that a tree with n vertices has n - 1 edges, Prove that A tree with n...

Prove that A tree with n vertices has (n - 1) edges.    Ans: From the definition of a tree a root comprise indegree zero and all other nodes comprise indegree one. There should

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