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$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.
11% of 56 is what number?
It is a fairly short section. It's real purpose is to acknowledge that the exponent properties work for any exponent. We've already used them on integer and rational exponents al
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1-tan^2 A/1+tan^2 = cos A - sinA/cos A
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