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

Show frequency tables, Q. Show Frequency Tables? Ans. A frequency ...

Q. Show Frequency Tables? Ans. A frequency table is used to show how often a piece of data occurs. Example: Michelle decides to keep track of the number of phone call

Fractions, What is two-thirds plus two-thirds?

What is two-thirds plus two-thirds?

Components of the vector - calculus, Components of the Vector We should...

Components of the Vector We should indicate that vectors are not restricted to two dimensional (2D) or three dimensional space (3D). Vectors can exist generally n-dimensional s

Produce list containing m-vectors delta and lambda, The logarithm of the Po...

The logarithm of the Poisson mixture likelihood (3.10) can be calculated with the following R code: sum(log(outer(x,lambda,dpois) %*% delta)), where delta and lambda are m-ve

5th grade math, jack and his mother paid $11.50 for tickets to the movies. ...

jack and his mother paid $11.50 for tickets to the movies. An adult''s ticket costs $4.50 more than a child''s ticket. What was the cost of each ticket?

Velocity of a particle, A particle moves along a straight line so that afte...

A particle moves along a straight line so that after t secs its distance from fixed point O on the line is given by s=(t-1)^2(t-2).find the distance from O when the velocity is zer

Liner regression, Liner Regression The calculations for our sample siz...

Liner Regression The calculations for our sample size n = 10 are described below. The linear regression model is y = a + bx Table: Distance x miles

Coefficient of determination, Coefficient of Determination It refers t...

Coefficient of Determination It refers to the ratio of the explained variation to the total variation and is utilized to measure the strength of the linear relationship. The s

first and third quartiles, From the data given below calculate the value o...

From the data given below calculate the value of first and third quartiles, second and ninth deciles and forty-fifth and fifty-seventh percentiles.

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