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

Diffrence between rational and irrational numbers, Q. Diffrence between Rat...

Q. Diffrence between Rational and Irrational Numbers? Ans. A number which is not rational is called irrational. The word "irrational" sounds not quite right...as though th

The value of m+n, Every point (x,y) on the curve y=log2 3x is transferred t...

Every point (x,y) on the curve y=log2 3x is transferred to a new point by the following translation (x',y')=(x+m,y+n), where m and n are integers. The set of (x',y') form the curve

Types of distribution, Types of distribution Population distribution ...

Types of distribution Population distribution This refers to the distribution of the individual values of population. This mean it is denoted by 'µ' Sample distributi

Integrate even or odd function, Integrate following. ∫ -2   2 4x 4 - ...

Integrate following. ∫ -2   2 4x 4 - x 2   + 1dx Solution In this case the integrand is even & the interval is accurate so, ∫ -2   2 4x 4 - x 2   + 1dx = 2∫ o

Normal to y=f(x) , If the normal to y=f(x) makes an angle of pie/4 with y-a...

If the normal to y=f(x) makes an angle of pie/4 with y-axis at (1,1) , then f''(x) is eqivalent to? Ans) The normal makes an angle 135 degree with the x axis. also f ''(1)

Calculate the area of the ade and compare it with abc, The vertices ...

The vertices of a ? ABC are A(4, 6), B(1. 5) and C(7, 2). A line is drawn to intersect sides AB and AC at D and E respectively, such that AD/AB = AE/AC = 1/4 .Calculate the  ar

Find the interval of validity, Solve the subsequent IVP and find the interv...

Solve the subsequent IVP and find the interval of validity for the solution. y' + (4/x) y = x 3 y 2 ,       y(2) = - 1,  x > 0 Solution Thus, the first thing that we re

What is angles, What is Angles? An angle is made up of two rays with a ...

What is Angles? An angle is made up of two rays with a common endpoint, which is called the vertex. The sides of the angle are rays. An angle is denoted by "θ". When two li

Function, definition and examples and types

definition and examples and types

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