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

Can u please tell me how to solve, a triangle with side lengths in the rati...

a triangle with side lengths in the ratio 3:4:5 is inscribed in a circle

Examples of complex numbers, Following are some examples of complex numbers...

Following are some examples of complex numbers. 3 + 5i                                                 √6 -10i (4/5) + 1           16i                     113 The last t

Robin''s nest nursing home had a fundraising target, The Robin's Nest Nursi...

The Robin's Nest Nursing Home had a fundraising target of $9,500. By the end of the fundraiser, they had exceeded their goal through $2,100. How much did they raise? Exceeded

Geometry , solve for x and y 2x+3y=12 and 30x+11y=112

solve for x and y 2x+3y=12 and 30x+11y=112

Estimate percent of the original price will the customer pay, Bikes are on ...

Bikes are on sale for 30% off the original price. What percent of the original price will the customer pay if he gets the bike at the sale price? The original price of the bike

Quadratic equation, If roots of (x-p)(x-q) = c are a and b what will be th...

If roots of (x-p)(x-q) = c are a and b what will be the roots of (x-a)(x-b) = -c    please explain? Ans) (x-p)(x-q)=c x2-(p+q)x-c=0 hence,   a+b=p+q  and      a.b=pq-c

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