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

Regression, regression line drawn as Y=C+1075x, when x was 2, and y was 239...

regression line drawn as Y=C+1075x, when x was 2, and y was 239, given that y intercept was 11. calculate the residual

Calculate expected average time , A car was machine washes every car in 5 m...

A car was machine washes every car in 5 minutes accurately. It has been calculated that customers will arrive as per to a Poisson distribution at an average of 8 per hour. Calculat

Basics of vectors - calculus, Vectors - The Basics Let us start this s...

Vectors - The Basics Let us start this section off with a quick discussion on what is the use of vector.  Vectors are utilized to present quantities that have both a magnitude

Hyperbolic paraboloid- three dimensional space, Hyperbolic Paraboloid- Thre...

Hyperbolic Paraboloid- Three Dimensional Space The equation which is given here is the equation of a hyperbolic paraboloid. x 2 / a 2 - y 2 / b 2 = z/c Here is a dia

Define a cyclic group, Question 1: (a) Show that, for all sets A...

Question 1: (a) Show that, for all sets A, B and C, (i) (A ∩ B) c = A c ∩B c . (ii) A ∪ (B ∩ C) = (A ∪ B) ∩ (A ∪ C). (iii) A - (B ∪ C) = (A - B) ∩ (A - C).

Method of cylinders or method of shells, Method of cylinders or method of s...

Method of cylinders or method of shells The formula for the area in all of the cases will be,                                                        A = 2 ∏ ( radius ) (heig

Problems involving motion - word problems, Problems Involving Motion - Word...

Problems Involving Motion - Word Problems: How far can a car travelling at a rate of 52 miles per hour travel in 2½ hours? Solution: Using Equation 13: s = vavt

Ways for 30 identical balls can be distributed among 4 boys, In how many w...

In how many ways 30 identical balls can be DISTRIBUTED among 4 boys?? Ans) Let they get a,b,c,d respectively. You requireto find the non negative integral results of a+b+c+d=3

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