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

Tutor, how can i apply as tutor

how can i apply as tutor

Compute the break-even quantities, The revenue and cost functions for produ...

The revenue and cost functions for producing and selling quantity x for a certain production facility are given below. R(x) = 16x - x 2 C(x) = 20 + 4x a)  Determine the p

The bionomial theorem for rational index, use the bionomial theorem to expa...

use the bionomial theorem to expand x+2/(2-X)(WHOLE SQUARE 2)

+, what is 2+2=

what is 2+2=

6th grade, what is the length of a line segment with endpoints (-3,2) and (...

what is the length of a line segment with endpoints (-3,2) and (7,2)?

Help, can you help me learn faster in school

can you help me learn faster in school

Simultaneous equations by substitution, Simultaneous equations by substitut...

Simultaneous equations by substitution: Solve the subsequent simultaneous equations by substitution. 3x + 4y = 6      5x + 3y = -1 Solution: Solve for x: 3x = 6

Differentiate the equation x = x (t ) and y = y (t ) , Suppose that x = x (...

Suppose that x = x (t ) and y = y (t ) and differentiate the following equation with respect to t. Solution                                         x 3 y 6 + e 1- x - cos (5

Find the z-score, For a population with a mean of μ=80 and a standard devia...

For a population with a mean of μ=80 and a standard deviation of o=12, find the z-score corresponding to each of the following samples. a.    M=83 for a sample of n=4 scores b.

Determine the solution to initial value problem, Find the solution to the s...

Find the solution to the subsequent IVP. ty' - 2y = t 5 sin(2t) - t 3 + 4t 4 , y (π) = 3/2 π 4 Solution : First, divide by t to find the differential equation in the accu

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