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

Each child is unique in learning development, Each Child Is Unique :  Alth...

Each Child Is Unique :  Although every child goes through similar stages of development, the process may vary from one set of children to another, and also from one child to anoth

Show that the function f is one-one but not onto, Consider the function f: ...

Consider the function f: N → N, where N is the set of natural numbers, defined by f(n) = n 2 +n+1. Show that the function f is one-one but not onto. Ans: To prove that f is one

Tutor, how can i apply as tutor

how can i apply as tutor

Find the height of the lighthouse, Two  ships  are  sailing  in  the  sea  ...

Two  ships  are  sailing  in  the  sea  on  either  side  of  a  lighthouse;  the  angles  of depression of two ships as observed from the top of the lighthouse are 600  and 450 re

Identify the surface for the equation , Identify the surface for each of th...

Identify the surface for each of the subsequent equations. (a) r = 5 (b) r 2 + z 2 = 100 (c) z = r Solution (a)  In two dimensions we are familiar with that this

What is a percentage, Q. What is a percentage? Ans. Percent  mean...

Q. What is a percentage? Ans. Percent  means "per hundred", or "out of 100". A percentage can be written as a ratio, or fraction, where the denominator (bottom) is 100.

Geometry, A closed conical vessel of radius 36 cm and height 60 cm, has som...

A closed conical vessel of radius 36 cm and height 60 cm, has some water. When vertex is down then the height of water is 12 cm. What is the height of water when vertex is up?

Transportation problem, matlab code for transportation problem solved by vo...

matlab code for transportation problem solved by vogel''s approximation method

Factorization, factorize the following algebraic expressions

factorize the following algebraic expressions

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