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

Pair of straight line, show that one of the straight lines given by ax2+2hx...

show that one of the straight lines given by ax2+2hxy+by2=o bisect an angle between the co ordinate axes, if (a+b)2=4h2

What is limit x tends to 0 log(1+x)/x to the base a?, Here we will use the...

Here we will use the expansion method Firstly lim x-0 log a (1+x)/x firstly using log property we get: lim x-0 log a (1+x)-logx then we change the base of log i.e lim x-0 {l

Graph for the sequence - sequences and series, Graph for the Sequence F...

Graph for the Sequence First we wish to think about the term graphing a sequence. To graph the sequence {a n } we plot the points {n, a n } as n ranges over every possible valu

Determine the minimum cost , A company is taking bids on four construction ...

A company is taking bids on four construction jobs. Three Contractors have placed bids on the jobs. Their bids (in thousands of dollars) are given in the file. (A blank indicates n

How much did kara pay in interest, Kara borrowed $3,650 for one year at an ...

Kara borrowed $3,650 for one year at an annual interest rate of 16%. How much did Kara pay in interest? To ?nd out 16% of $3,650, multiply $3,650 through the decimal equivalent

Write radicals in exponent form, Write each of the given radicals in expone...

Write each of the given radicals in exponent form. Solution As illustrated in the last two parts of this example we have to be careful with parenthesis.  While we

Generate a 30-ounce solution which was 28% acid, A chemist mixed a solution...

A chemist mixed a solution which was 34% acid with another solution that was 18% acid to generate a 30-ounce solution which was 28% acid. How much of the 34% acid solution did he u

Fractions, what the answer to 1/4+1/3=3/12=?

what the answer to 1/4+1/3=3/12=?

Binary, how to divide a binaries

how to divide a binaries

D, #quwhat is4 5/7 of 2/3estion..

#quwhat is4 5/7 of 2/3estion..

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