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

Theory of meta-games, Theory of Meta-games This theory shows to describ...

Theory of Meta-games This theory shows to describe how most people play non zero sum games concerning a number of persons Prisoner's dilemma is an illustration of this. The

Rita, Calculate 50%

Calculate 50%

Draw a lattice hierarchy for dimension, New England University maintains a ...

New England University maintains a data warehouse that stores information about students, courses, and instructors. Members of the university's Board of Trustees are very much inte

Word problem, mark got 15.00 for his birthday he now has 27.00. how much di...

mark got 15.00 for his birthday he now has 27.00. how much did he start with

Linear function, find the temperature at which the celsius and farhenheit t...

find the temperature at which the celsius and farhenheit temperatures are numerically equl

Trig identities, What is the exact vale of sin(theta/2) when sintheta=3/5, ...

What is the exact vale of sin(theta/2) when sintheta=3/5, pi/2

Word problem, Twins Olivia and Chelsea and their friend Rylee were celebrat...

Twins Olivia and Chelsea and their friend Rylee were celebrating their fourteenth birthdays with a party at the beach. The first fun activity was water games. As Nicole arrived, sh

Show that positive integers is divisible by 6, Show that the product of 3 c...

Show that the product of 3 consecutive positive integers is divisible by 6. Ans: n,n+1,n+2 be three consecutive positive integers We know that n is of the form 3q, 3q +1

Division problem, Raul has 56 bouncy balls. He puts three times as many bal...

Raul has 56 bouncy balls. He puts three times as many balls into red gift bags as he puts into green gift bags. If he puts the same number of balls in each bag, how many balls does

Fractions rates and ratios, In 6th grade I am learning about ratios rates a...

In 6th grade I am learning about ratios rates and fractions. I am working on vmathlive.com and need serious.

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