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

Linear equation in two variables., draw the graph of following pair of line...

draw the graph of following pair of linear equation:-2y=4x-6

Properties of t distribution, Properties of t distribution 1. The t di...

Properties of t distribution 1. The t distribution ranges from - ∞ to ∞ first as does the general distribution 2. The t distribution as the standard general distribution is

Simple harmonic motion, prove that the composition of two simple harmonic o...

prove that the composition of two simple harmonic of the same period and in the same straight line is also a simple harmonic motion of the same period.

Velocity of a skydiver (calculus), using v=g/k(1-e^-kt) find the velocity o...

using v=g/k(1-e^-kt) find the velocity of the skydiver when k is 0.015

Statistic, The mean height of eight children is 136cm. if the height of sev...

The mean height of eight children is 136cm. if the height of seven children are 143,125,133,140,120,135 and 152,find the height of eighth student.

Infinity, Are there more rational numbers than integers?#

Are there more rational numbers than integers?#

Good investment, Realtors estimate that 23% of homes purchased in 2004 were...

Realtors estimate that 23% of homes purchased in 2004 were considered investment properties. If a sample of 800 homes sold in 2004 is obtained what is the probability that at most

Trignomentry, 128sinpower8=cos8-8cos6+28cos4-56cos2+35

128sinpower8=cos8-8cos6+28cos4-56cos2+35

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