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 out the absolute extrema for function and interval, Find out the absol...

Find out the absolute extrema for the given function and interval.  g (t ) = 2t 3 + 3t 2 -12t + 4 on [-4, 2] Solution : All we actually need to do here is follow the pr

Calculate the density of people per square mile, 1.  In 1900, a certain cou...

1.  In 1900, a certain country's population was 77,977,459 and it's area was 2,821,924 square miles, In 2000, the country's population was 283,575,229 and its area was 3,551,003 sq

I need help, in 2000,nearly 18% of cars in north America were sliver. what ...

in 2000,nearly 18% of cars in north America were sliver. what percent of the cars sold were not sliver?

Find the average, The center of a national park is located at (0,0). A spec...

The center of a national park is located at (0,0). A special nature preserve is bounded by by straight lines connecting the points A at (3,2), B at (5,1), C at (8,4) and D at (6,5)

Find the area irrigated by this system, An irrigation system uses a straigh...

An irrigation system uses a straight 30m sprinkler pipe which is capped at one end and arranged so that all water is released directly downwards and pivots around a central point.

Postage stamp problem, Explain Postage Stamp Problem solving tehcnique? Wha...

Explain Postage Stamp Problem solving tehcnique? What is Postage Stamp Problem?

Using two variables, Leo works at the Bagel Shop after school and on Saturd...

Leo works at the Bagel Shop after school and on Saturdays. He is paid $4.00 per hour after school and $5.00 per hour on Saturday. Last week Leo worked a total of 12 hours and made

Integers, The set of whole numbers also does not satisfy all our requ...

The set of whole numbers also does not satisfy all our requirements as on observation, we find that it does not include negative numbers like -2, -7 and so on. To

Calculate the equation, Problem1: Find the general solution on -π/2 Dy/...

Problem1: Find the general solution on -π/2 Dy/dx +(tan x)y =(sin 2 x)y 4

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