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

Twelve coworkers go out how many slices will each person get, Twelve cowork...

Twelve coworkers go out for lunch together and sequence three pizzas. Each pizza is cut within eight slices. If each person gets the similar number of slices, how many slices will

Mathematical laboratory, how to reverse positive digit number using mod fun...

how to reverse positive digit number using mod function

Random variable, RANDOM VARIABLE A variable which assumes differ...

RANDOM VARIABLE A variable which assumes different numerical values as a result of random experiments or random occurrences is known as a random variable. The rainfal

Surface area with parametric equations, Surface Area with Parametric Equati...

Surface Area with Parametric Equations In this final section of looking at calculus applications with parametric equations we will take a look at determining the surface area o

#Famous Numbers Exercise, Euler''s Constant (e) Approximate the number to t...

Euler''s Constant (e) Approximate the number to the one hundredth, one ten-thousandths, and one one-hundred-millionth.

An even number is selected, Let the Sample Space S = {1, 2, 3, 4, 5, 6, 7, ...

Let the Sample Space S = {1, 2, 3, 4, 5, 6, 7, 8}. Suppose each outcome is equally likely. Compute the probability of event E = "an even number is selected".

What is the ratio of the areas of sectors , What is the ratio of the areas ...

What is the ratio of the areas of sectors I and II ?                               (Ans:4:5) Ans:    Ratio will be 120/360  Π r 2 : 150/360  Π r 2 4/12  : 5/12  =

Prisoners dilemma, Prisoners Dilemma This is a type of non-zero sum gam...

Prisoners Dilemma This is a type of non-zero sum game and derives its name from the given story: The district attorney has two bank robbers in separate cells and offers them

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