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

Give the definition of logarithms, Give the Definition of Logarithms ? ...

Give the Definition of Logarithms ? A logarithm to the base a of a number x is the power to which a is raised to get x. In equation format: If x = ay, then log a x = y.

Euler method for ode, y'' + 2y = 2 - e-4t, y(0) = 1 use euler''s method wit...

y'' + 2y = 2 - e-4t, y(0) = 1 use euler''s method with a step size of 0.2 to find and approximate values of y

Determine a trigonometric function, At rest, the human heart beats once eve...

At rest, the human heart beats once every second. At the strongest part of the beat, a person's blood pressure peaks at 120mmHg. At the most relaxed part of the beat, a person's bl

Vectors, A 10 m ladder of 150N is placed at an angle 30degrees to a smooth ...

A 10 m ladder of 150N is placed at an angle 30degrees to a smooth wall at point A and the other end (point B) on the ground. Assume that the weight of the ladder acts at its mid po

Numerical methods for ordinary differential equationsordinay, #k1=f(Tn, Xn)...

#k1=f(Tn, Xn), k2=f (Tn + H.Y,Xn + H.Y.k1) Xn+1=Xn + H(a.k1+ b.k2) Find a relation between Y,a and b so that the method is second order consistent.

Square and square root., the value of square root of 200multiplied by squar...

the value of square root of 200multiplied by square root of 5+

Triangles, ABC is a triangle right angled at c. let BC=a, CA=b, AB=c and lr...

ABC is a triangle right angled at c. let BC=a, CA=b, AB=c and lrt p be the length of the perpendicular from C on AB. prove that cp=ab and 1/p2=1/a2+1/b2

Trignometry, Define the given satatement : 1.sin90-sin89=sin10 using pythag...

Define the given satatement : 1.sin90-sin89=sin10 using pythagoras theoram 2. How can any value of sin and cosis always given any value of cosec.

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