compound and simple interest, Mathematics

Assignment Help:
Your grandparents gave you a gift of R2 000 on your 16th birth day. You want to invest the money in an account over four years. You have an option of investing the R2 000 at 8% per annum simple interest or 8% per annum compound interest.Determine,through calculations, which investment will be more profitable.

Related Discussions:- compound and simple interest

Calculate the fourier cosine series, The Fourier series expansion for the p...

The Fourier series expansion for the periodic function, f ( t ) = |sin  t | is defined in its fundamental interval. Taking π = 3.142, calculate the Fourier cosine series app

Linear programming Special purpose of algorithm, the conclusion about stepp...

the conclusion about stepping stone method in real life situation?

Binary, how to divide a binaries

how to divide a binaries

Decimals, what is 1/5 + 1/8 equals?

what is 1/5 + 1/8 equals?

Estimate the slope of a line?, Estimate the Slope of a Line? The slope o...

Estimate the Slope of a Line? The slope of a line is a measure of how steep it is. It is defined as y 2 - y 1 /x 2 -x 1 Where (x 1 , y 1 ) and (x 2 , y 2 ) are any two p

Maths For Fun, Ask Suppose I offer you a loan to start a safety matchstick ...

Ask Suppose I offer you a loan to start a safety matchstick production unit on the following terms: I shall first advance you Rs.50,000/- to set up your unit, and wait for 3 month

Find the equation of circle concentric – coordinate geometry, 1. A point P(...

1. A point P(a,b) becomes (3,c) after reflection in x - axis, and (d,6) after reflection in the origin. Show that a = 3, b = - 6, c = 6, d = 2 2. If the pair of lines ax² + 2pxy

What it means to count-learning to count, What do we understand by "being a...

What do we understand by "being able to count"? Think about the following situation before you answer. Example 1: Three year-old Mini could recite numbers from I to 20 in the co

Estimate how much did larry spend, Larry purchased 3 pairs of pants for $24...

Larry purchased 3 pairs of pants for $24 each or have 5 shirts for $18 each. How much did Larry spend? Divide the miles through the time to find the rate; 3,060 ÷ 5 = 612 mph.

Geometry, if each tile with aside that measures one foot, how many tiles wi...

if each tile with aside that measures one foot, how many tiles will be needed?

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