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

Hypergeometric distribution, Hypergeometric Distribution Consider the p...

Hypergeometric Distribution Consider the previous example of the batch of light bulbs. Suppose the Bernoulli experiment is repeated without replacement. That is, once a bulb is

Grade Average, Homework is worth 10% of my grade, quizzes are worth 30%, an...

Homework is worth 10% of my grade, quizzes are worth 30%, and tests are worth 40%. I have 15 grades in the homework section, they''re all 100''s. I have 2 grades in the quiz sectio

What could the dimensions of the floor be in terms of x, Harold is tiling a...

Harold is tiling a rectangular kitchen floor with an area that is expressed as x 2 + 6x + 5. What could the dimensions of the floor be in terms of x? Because area of a rectang

Example of binomial distribution, Example:  Joanne is given a four-question...

Example:  Joanne is given a four-question multiple-choice quiz.  She hasnt studied the material to be quizzed, so she decides to answer the questions by randomly guessing the answe

How to subtract fractions with different denominators, Q. How to Subtract f...

Q. How to Subtract fractions with different denominators? Ans. As with adding fractions, you can't subtract unless the denominators are the same. Here is an example: 9/

Probability, The probability that a leap year will have 53 sunday is ? and ...

The probability that a leap year will have 53 sunday is ? and how please explain it ? (a)1/7    (b) 2/7    (c) 5/7    (d)6/7 Sol) A leap year has 366 days, therefore 52 weeks i.e

Define a hamilton path, Define a Hamilton path. Determine if the following ...

Define a Hamilton path. Determine if the following graph has a Hamilton circuit. Ans: A path is known as a Hamiltonian path if it consists of every vertex of the graph e

Need answer!, what is the basic unit of weight in the metric system?

what is the basic unit of weight in the metric system?

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