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

Find no. of diagonals, In a polygon no 3 diagnols are concurrent. If the to...

In a polygon no 3 diagnols are concurrent. If the total no of points of intersection are 70 ( interior ). find the no. of diagnols? Ans) Since no 3 diagonals are concurrent, There

Factorization, factorize the following algebraic expressions

factorize the following algebraic expressions

Geometry, a figure is made of a rectangle and an isosceles right triangle. ...

a figure is made of a rectangle and an isosceles right triangle. the rectangle has sides of 6 in. and 3 in. one of the short sides of the rectangle is also one of the legs of the r

Calculate frequencies for two modes of vibration, A partially loaded passen...

A partially loaded passenger car has a mass of 1600 kg.  It has fully independent suspension in which each front spring has a stiffness of 19.0 kNm -1 and each rear spring has a s

Straight Line, can i known the all equations under this lesson with explana...

can i known the all equations under this lesson with explanations n examples. please..

Determine the probability - conditional probability, A bag of 28 tulip bulb...

A bag of 28 tulip bulbs contains 12 red tulip bulbs, 9 yellow tulip bulbs, and 7 purple tulip bulbs. Two bulbs are selected without replacement. Determine, a) The probability th

Concrete operational stage, Concrete Operational Stage :  Piaget describes...

Concrete Operational Stage :  Piaget describes a five-year-old boy playing with a collection of pebbles. First, he laid them in a line and counted along the line from left to righ

How to change improper fractions to mixed/ proper fractions, how do you cha...

how do you change an improper fraction to a mixed number or whole or proper

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