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

Describe independent events in maths, Describe Independent Events in maths?...

Describe Independent Events in maths? Events are independent if the outcome of one event does not affect the outcome of the second event. If A represents one independent event

A graph with a positive slope, A graph with a positive slope shows that the...

A graph with a positive slope shows that the variables depicted on the axes goes in the similar directions.

Examples of logarithms, Examples of logarithms: log 2   8 = 3         ...

Examples of logarithms: log 2   8 = 3                                            since    8 = 2 3 log 10   0.01 = -2                                    since    0.01 = 10

Trigonometry, what are reason inside a circle?

what are reason inside a circle?

Quadric surfaces - three dimensional spaces, Quadric Surfaces Earlier w...

Quadric Surfaces Earlier we have looked at lines and planes in three dimensions (or R 3 ) and when these are used fairly heavily at times in a Calculus class there are several

Linear programming, Chelsea has been facing some financial problems which e...

Chelsea has been facing some financial problems which even caused her daily expenses for food, at the same time, she hasn''t receive the money from the bank loan yet. Therefore, sh

#title., Julia must do a 70:30 split of all of her profits with the Departm...

Julia must do a 70:30 split of all of her profits with the Department of Athletics. Julia also has the ability to sell soft drinks. If she decide to sell soft drinks, she must agre

Factoring out a common monomial factor, Factoring Out a Common Monomial Fac...

Factoring Out a Common Monomial Factor? Say you have a polynomial, like 3x 4 y - 9x 3 y + 12x 2 y2 z and you want to factor it. Your first step is always to look for t

Pair of linear equations in two variables, PAIR OF LINEAR EQUATIONS IN TWO ...

PAIR OF LINEAR EQUATIONS IN TWO VARIABLES: Like  the  crest  of a  peacock so  is  mathematics  at the  head of all knowledge. Example At a certain time in a deer park, t

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