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

Linear programming, I want to send to you a file for my question.How. Could...

I want to send to you a file for my question.How. Could you please send my a link for that.

Marketing., what is product life cycle

what is product life cycle

Pair of straight line, a pair of straight lines are drawn through the origi...

a pair of straight lines are drawn through the origin forms with the line 2x+3y=6 an isoceles triangle right angled at origin find the equation of pair of straight line?

What do you mean by transient state, What do you mean by transient state an...

What do you mean by transient state and steady-state queueing systems If the characteristics of a queuing system are independent of time or equivalently if the behaviour of the

Estimate how much work is completed in stretching, A spring has a natural l...

A spring has a natural length of 20 Centimeter. A 40 N force is needed to stretch and hold the spring to a length of 30 Centimeter. How much work is completed in stretching the spr

Describe the properties of inequalities, Describe the Properties of Inequal...

Describe the Properties of Inequalities ? Postulate In comparing two quantities, say a and b, there are exactly three possibilities. (1) a is less than b. (a b)

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