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

If a differential equation does have a solution can we find?, It may seem l...

It may seem like an odd question to ask and until now the answer is not all the time yes. Just as we identify that a solution to a differential equations exists does not implies th

Integration, integral 0 to 4 integral 0 to y root of 9+ysquredxdy

integral 0 to 4 integral 0 to y root of 9+ysquredxdy

How much sales tax did she pay if items was 6 percent, Lindsay purchased a ...

Lindsay purchased a pocketbook for $45 and a pair of shoes for $55. The sales tax on the items was 6%. How much sales tax did she pay? Find out the price of the two items toget

Tables and funcuctions, write an equation for a functionthat gives the valu...

write an equation for a functionthat gives the value in ech table .

Circumcircle problem, find the radius of circumcircle of an equilateral tri...

find the radius of circumcircle of an equilateral triangle of 6root3 one side.

?, x/15=50/20

x/15=50/20

Math project , Topic 1: Statistical Studies Find two different news storie...

Topic 1: Statistical Studies Find two different news stories in a mainstream media source (CNN, FoxNews, Newsweek, etc.), that cite data from a recognized poling agency. Locate th

Compound and simple interest, Your grandparents gave you a gift of R2 000 o...

Your grandparents gave you a gift of R2 000 on your 16th birth day. You want to invest the money in an account over four years. You have an option of investing the R2 000 at 8% per

How does the algorithm work?, How Does The Algorithm Work? Most of us, ...

How Does The Algorithm Work? Most of us, when asked to multiply, say, 35 by 23, write Why do we place the mark x (or 0, or leave a blank) in the second row of the calcul

3-d coordinate system - three dimensional spaces, The 3-D Coordinate System...

The 3-D Coordinate System We will start the chapter off with a quite brief discussion introducing the 3-D coordinate system and the conventions that we will be utilizing.  We

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