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

Example of business applications, An apartment complex contains 250 apartme...

An apartment complex contains 250 apartments to rent.  If they rent x apartments then their monthly profit is specified by, in dollars,,                                      P ( x

Hierarchical multiple regression, A group of children who lived near a lead...

A group of children who lived near a lead smelter in El Paso, Texas, were identified and their blood levels of lead were measured. An exposed group of 46 children were identified w

Curve tracing, How we calculate region for curve tracing

How we calculate region for curve tracing

Partitioning -types of word problems related to subtraction, Partitioning ...

Partitioning - an action of taking away or removing some objects, and finding out how many remain. (e.g., there were 15 toffees in this container, and 10 have been eaten. How many

Show line graphs and histograms, Q. Show Line graphs and Histograms? A...

Q. Show Line graphs and Histograms? Ans. Line graphs are closely related to histograms. Look at the graph below. It shows the line graph of the example above but also in

How high is a structure, One method of calculating the height of an object ...

One method of calculating the height of an object is to place a mirror on the ground and then position yourself so that the top of the object will be seen in the mirror. How high i

Inverse tangent, Inverse Tangent : Following is the definition of the inve...

Inverse Tangent : Following is the definition of the inverse tangent.  y = tan -1 x     ⇔ tan y = x                     for            -∏/2 ≤ y ≤ ?/2 Again, we have a limi

Poisson probability distribution, Poisson Probability Distribution -  ...

Poisson Probability Distribution -  It is a set of probabilities which is acquired for discrete events which are described as being rare. Occasions similar to binominal distri

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