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

Example for pre-operational stage learning maths, E1) I have a three-year-o...

E1) I have a three-year-old friend. He has a lot of toy cars to play with. Playing with him once, I divided the cars into two sets. One set was more spread out and had 14 cars in i

Piecewise, x=±4, if -2 = y =0 x=±2, if -2 = y = 0

x=±4, if -2 = y =0 x=±2, if -2 = y = 0

Find out the minimum distance from the origin, Problem 1. Find the maximum...

Problem 1. Find the maximum and the minimum distance from the origin to the ellipse x 2 + xy + y 2 = 3. Hints: (i) Use x 2 + y 2 as your objective function; (ii) You c

Which mathematical property did marty use to get similar ans, Marty used th...

Marty used the subsequent mathematical statement to show he could change an expression and still get the similar answer on both sides: 10 × (6 × 5) = (10 × 6) × 5 Which mathematica

Estimate the area between f ( x ) =x3 - 5x2 + 6 x + 5, Estimate the area be...

Estimate the area between f ( x ) =x 3 - 5x 2 + 6 x + 5 and the x-axis by using n = 5 subintervals & all three cases above for the heights of each of the rectangle. Solution

Find the number of zeros of the polynomial, Find the number of zeros of the...

Find the number of zeros of the polynomial from the graph given. (Ans:1)

Test of hypothesis about the population mean, Test of hypothesis about the ...

Test of hypothesis about the population mean When the population standard deviation (S) is identified then the t statistic is defined as             t = ¦(x¯ - µ)/ S x¯ ¦

Calculus , Mean, variance, skewness and kurtosis of a probability density f...

Mean, variance, skewness and kurtosis of a probability density function f(r)that has a distribution of a passive scalar filed in a stationary isotropic turbulence for initial condi

Write down the equation of the line, Write down the equation of the line wh...

Write down the equation of the line which passes through the points (2, -1, 3) and (1, 4, -3).  Write all three forms of the equation of the line. Solution To do the above

Normal distribution, Normal Distribution Figure 1 The norm...

Normal Distribution Figure 1 The normal distribution reflects the various values taken by many real life variables like the heights and weights of people or the ma

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