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

Perimeter and Area, A farmer has a rectangular field of length 100m and bre...

A farmer has a rectangular field of length 100m and breadth 70m. He leaves a path of 1m all along the boundary inside it. He decides to apply a manure to the remaining part of the

Permutations and combinations, Consider this. You have four units A, ...

Consider this. You have four units A, B, C and D. You are asked to select two out of these four units. How do you go about this particular task? Will your methodo

Area related to circle, If ABCD isaa square of side 6 cm find area of shad...

If ABCD isaa square of side 6 cm find area of shaded region

Mean value theorem find out all the numbers c, Find out all the numbers c t...

Find out all the numbers c that satisfy the conclusions of the Mean Value Theorem for the given function.                                               f ( x ) = x 3 + 2 x 2 -

Explain the rules of divisibility, Explain the rules of Divisibility ? ...

Explain the rules of Divisibility ? Divisible by 2: If the last digit is a 0, 2, 4, 6, or 8, the number is evenly divisible by 2. Divisible by 2 Not

Millie purchased six bottles of soda how much she pay, Millie purchased six...

Millie purchased six bottles of soda at $1.15 each. How much did she pay? To ?nd out the total cost of six bottles, you must multiply the cost per bottle through 6; $1.15 × 6 =

Think smarter, compare: 643,251; 633,512; and 633,893. the answer is 633,51...

compare: 643,251; 633,512; and 633,893. the answer is 633,512. what is the question?

Diameter of the circle , The length of the diameter of the circle which tou...

The length of the diameter of the circle which touches the X axis at the point (1,0) and passes through the point (2,3) is ? Solution)  If a circle touches the x-axis, its equatio

Help, draw a right angle isosceles triangle with 9 triangles in it

draw a right angle isosceles triangle with 9 triangles in it

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