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

Binomial theorem, use the expansion of (1-x)^7 to find the value of 1.998^7...

use the expansion of (1-x)^7 to find the value of 1.998^7 correct to five significant figures

Explain the rules of divisibility, Explain the rules of Divisibility ? ...

Explain the rules of Divisibility ? Divisible by 2: If the last digit is a 0, 2, 4, 6, or 8, the number is evenly divisible by 2. Divisible by 2 Not

Describe vibration absorber and white noise, Describe what is meant by eac...

Describe what is meant by each of the following NVH terms and explain their importance in vehicle refinement: (a)  Vibration absorber (b)  Fast Fourier Transform (c)  Whit

Integral calculus, I need help to understand: fxx for f(x,y)=x^2+y^2-2xy

I need help to understand: fxx for f(x,y)=x^2+y^2-2xy

Minimizes the sum of the two distance, The value of y that minimizes the su...

The value of y that minimizes the sum of the two distances from (3,5) to (1,y) and from (1,y) to (4,9) can be written as a/b where a and b are coprime positive integers. Find a+b.

Find the maxima or minima and green theorem, 1) find the maxima and minima ...

1) find the maxima and minima of f(x,y,z) = 2x + y -3z subject to the constraint 2x^2+y^2+2z^2=1 2)compute the work done by the force field F(x,y,z) = x^2I + y j +y k in moving

Constant aceleration formulae, a car comes to a stop from a speed of 30m/s ...

a car comes to a stop from a speed of 30m/s in a distance of 804m. The driver brakes so as to produce a decelration of 1/2m per sec sqaured to begin withand then brakes harder to p

Constrcut the adjacency matrix, Constrcut the adjacency matrix and the adja...

Constrcut the adjacency matrix and the adjacency lists for the graph G belowr.

Statistics, Calculate the Kendaul''s correlation cofficient for a given dat...

Calculate the Kendaul''s correlation cofficient for a given data.

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