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

Decision-making under conditions of uncertainty, Decision-Making Under Cond...

Decision-Making Under Conditions of Uncertainty With decision making under uncertainty, the decision maker is aware of different possible states of nature, but has insufficient

Demerits and merits -the arithmetic mean or a.m, Demerits and merits of the...

Demerits and merits of the measures of central tendency The arithmetic mean or a.m Merits i.  It employs all the observations given ii. This is a very useful

.gradient, Draw the graph of y=x^2-4x from x=-1 to x=5.use the scale of 2cm...

Draw the graph of y=x^2-4x from x=-1 to x=5.use the scale of 2cm on the x axis and 1cm on the y axis.Estimate the gradient at point:x=4, x=2 and x=0

Probability, joey asked 30 randomly selected students if they drank milk, j...

joey asked 30 randomly selected students if they drank milk, juice, or bottled water with their lunch. He found that 9 drank milk, 16 drank juice, and 5 drank bottled water. If the

Lucy youth group increased $1, Lucy's youth group increased $1,569 for char...

Lucy's youth group increased $1,569 for charity. They decided to split the money evenly between 3 charities. How much will each charity receive? Divide the money raised through

Compute the double integral - triangle with vertices, 1) let R be the trian...

1) let R be the triangle with vertices (0,0), (pi, pi) and (pi, -pi). using the change of variables formula u = x-y and v = x+y , compute the double integral (cos(x-y)sin(x+y) dA a

Explain expressions, Explain Expressions ? "One set of absolute value s...

Explain Expressions ? "One set of absolute value signs can only take the absolute value of one number." For example, For the absolute value of negative six plus three,

Saxon math, what is the are of a square that is 2 inches long and 2 inches...

what is the are of a square that is 2 inches long and 2 inches wide?

Quadratic equation, can anyone explain me the concept of quadratic equation...

can anyone explain me the concept of quadratic equation?

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