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

Adding fractions with different denominators, Q. How to Add Fractions with ...

Q. How to Add Fractions with Different Denominators? Ans. Here's the main thing to remember about adding fractions with different denominators-you can't! Fractions with di

Which of the following could the length of the base height, The area of a p...

The area of a parallelogram can be expressed as the binomial 2x 2 - 10x. Which of the following could be the length of the base and the height of the parallelogram? To ?nd out

Convergence, Assume that (xn) is a sequence of real numbers and that a, b €...

Assume that (xn) is a sequence of real numbers and that a, b € R with a is not eaqual to 0. (a) If (x n ) converges to x, show that (|ax n + b|) converges to |ax + b|. (b) Give

Quadric surfaces, identify 4 sketch the quadric surfaces

identify 4 sketch the quadric surfaces

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.

Solve the value of x and y , 7(y + 3) - 2(x + 2) = 14, 4 (y - 2) + 3(x ...

7(y + 3) - 2(x + 2) = 14, 4 (y - 2) + 3(x - 3) = 2 Ans:    7(y + 3) - 2 (x+ 2) = 14          --------- (1) 4(y- 2) + 3(x - 3) = 2 ----------(2) From (1) 7y +21 -

Inside function and outside function, "Inside function" and "outside functi...

"Inside function" and "outside function : Generally we don't actually do all the composition stuff in using the Chain Rule. That can get little complexes and actually obscures the

Calculate the probability, Data collected from the STATS 10x class survey o...

Data collected from the STATS 10x class survey one semester included responses to questions on the number of different sexual partners and on the number of pairs of shoes the stude

What are whole numbers, Q. What are Whole numbers? The set of whole num...

Q. What are Whole numbers? The set of whole numbers is the set of natural numbers with the zero thrown in: 0,1,2,3,4,... Hint: Some people remember that the whole numbers

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