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

Mode, What is the median for this problem (55+75+85+100+100)

What is the median for this problem (55+75+85+100+100)

Graphical method for interpolation, Graphical Method Whil...

Graphical Method While drawing the graph on a natural scale, the independent variables are marked along the horizontal line and corresponding dependen

Guess my number, My thousandths digit is twice the tenths digit. My tenths ...

My thousandths digit is twice the tenths digit. My tenths digit is one less than the hundredths digit. If my number is 5, what my number?

Numerical integration - simpson rule, (1)Derive, algebraically, the 2nd ord...

(1)Derive, algebraically, the 2nd order (Simpson's Rule) integration formula using 3 equally spaced sample points, f 0 ,f 1 ,f 2 with an increment of h. (2) Using software such

Prove that the length of the altitude on the hypotenuse, If A be the area o...

If A be the area of a right triangle and b one of the sides containing the right angle, prove that the length of the altitude on the hypotenuse is 2  Ab /√ b 4 +4A 2 . An

One of these food groups, In a collection of 30 dissimilar birds, 15 eat wo...

In a collection of 30 dissimilar birds, 15 eat worms, 18 eat fruit, and 12 eat seeds. Accurately 8 eat worms and seeds, 8 eat worms and fruit, 7 eat fruit and seeds, and 4 eat each

Find the sides of hypotenuse , The hypotenuse of a right triangle is 20m. ...

The hypotenuse of a right triangle is 20m. If the difference between the length of the other sides is 4m. Find the sides. Ans: APQ x 2 + y 2 = 202 x 2  + y 2 = 400

Pre Calculus 12, A radioactive substance decays to 30% of its original mass...

A radioactive substance decays to 30% of its original mass in 15 months. Determine the half-life of this radioactive substance to the nearest month

Complementary addition-word problems related to subtraction, Complementary ...

Complementary addition -what number how many things should be added to one number or group to get the other. (e.g., a classroom can seat 50 children, and 20 children are already s

Mathematical science, state tha different types of models used in operation...

state tha different types of models used in operations research.

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