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$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.
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Q. Define natural numbers Ans. The natural numbers (also called the counting numbers) are the numbers that you "naturally" use for counting: 1,2,3,4,... The set of n
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