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

Upper limit of normal , Frequently, tests that yield abnormal results are r...

Frequently, tests that yield abnormal results are repeated for confirmation.  What is the probability that for a usual person a test will be at least 1.5 times as high as the upper

Example of developing an understanding, I gave my niece a whole heap of bea...

I gave my niece a whole heap of beads and showed her how to divide it up into sets of 10 beads each. Then I showed her how she could lay out each set of I0 beads in a line, and cal

Objectives of ones tens and more, Objectives After studying this unit, ...

Objectives After studying this unit, you should be able to 1.  evolve and use alternative activities to clarify the learner's conceptual 2.  understanding of ones/tens/hu

Quantitative method, Year 1 2 3 4 ...

Year 1 2 3 4 5 6 7 8 9 10 Corn revenue 40 44 46

Percentage, a washing machine costs $640 plus an installation charge of 7.5...

a washing machine costs $640 plus an installation charge of 7.5% what is the totalcost?

Combined mean and standard deviation -illustration, Combined mean Assu...

Combined mean Assume m be the combined mean Assume x 1 be the mean of first sample Assume x 2 be the mean of the second sample Assume n 1 be the size of the 1 st

Decimal representations of some basic angles, Decimal representations of so...

Decimal representations of some basic angles: As a last quick topic let's note that it will, on occasion, be useful to remember the decimal representations of some basic angles. S

Find the height of the lighthouse, Two  ships  are  sailing  in  the  sea  ...

Two  ships  are  sailing  in  the  sea  on  either  side  of  a  lighthouse;  the  angles  of depression of two ships as observed from the top of the lighthouse are 600  and 450 re

Who made clothes for, on april 26, jonh dough wrote a check#374 to Miller P...

on april 26, jonh dough wrote a check#374 to Miller Pharmacy for $16.00 , is this a deposit or withdrawal

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