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

What fraction of water flows out, A conical vessel of radius 6cm and height...

A conical vessel of radius 6cm and height 8cm is completely filled with water. A sphere is lowered into the water and its size is such that when it touches the sides, it is just im

Service marketing, assignment of marketing mix on healthservices

assignment of marketing mix on healthservices

Concepts of sampling error, Use the concepts of sampling error and z- scor...

Use the concepts of sampling error and z- scores to explain the concept of distribution of sample means.

Integers, hi i would like to ask you what is the answer for [-9]=[=5] grade...

hi i would like to ask you what is the answer for [-9]=[=5] grade 7

Find the number of zeros of the polynomial, Find the number of zeros of the...

Find the number of zeros of the polynomial from the graph given. (Ans:1)

Even and odd functions, Even and Odd Functions : This is the final topic ...

Even and Odd Functions : This is the final topic that we have to discuss in this chapter.  Firstly, an even function is any function which satisfies,

Example of least common denominator, Example of Least Common Denominator: ...

Example of Least Common Denominator: Example: Add 1/7 +2 /3 + 11/12 + 4/6 Solution: Step 1:             Find out primes of each denominator. 7 = 7 (already is

Help, I really need help with 30 60 90 right triangles and my last tutor di...

I really need help with 30 60 90 right triangles and my last tutor did not make sense to me so can you please help

Find out solutions to second order differential equations, Find out some so...

Find out some solutions to y′′ - 9 y = 0 Solution  We can find some solutions here simply through inspection. We require functions whose second derivative is 9 times the

Types of series - special series , Series - Special Series In this pa...

Series - Special Series In this part we are going to take a concise look at three special series.  In fact, special may not be the correct term.  All three have been named th

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