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

Calculate the instantaneous rate of change of the volume, Assume that the a...

Assume that the amount of air in a balloon after t hours is specified by V (t ) = t 3 - 6t 2 + 35 Calculate the instantaneous

MATLAB, program of curve revolve and create a surface

program of curve revolve and create a surface

Theorem on intervals of validity, Theorem Consider the subsequent IVP....

Theorem Consider the subsequent IVP. y′ = p (t ) y = g (t ) y (t 0 )= y 0 If p(t) and g(t) are continuous functions upon an open interval a o , after that there i

Vectors, If r,R denote position vectors of points on the straight lines in ...

If r,R denote position vectors of points on the straight lines in the direction of a and b respectively, and if n is a unit vector perpendicular to both these directions, show that

Linear independence and dependence, It is not the first time that we've loo...

It is not the first time that we've looked this topic. We also considered linear independence and linear dependence back while we were looking at second order differential equation

Dropped down the rational expression to lowest terms, Carry out the indicat...

Carry out the indicated operation and dropped down the answer to lowest terms. (x 2 - 5x -14/ x 2 -3x+2) . (x 2 - 4)/x 2 -14x+49) Solution This is a multiplication.

Fractions and equations and illustration, if Mr.Ibias oredered a rectangula...

if Mr.Ibias oredered a rectangular pizza and he wants 2/3 of the pizza to be pepperoni and 1/2 of the pizza with pineapple draw and label the pizza with toppings explain your think

Determine the numbers of sides in regular polygon, If each interior angle o...

If each interior angle of a regular polygon has a calculated as of 144 degrees, Determine the numbers of sides does it have? a. 8 b. 9 c. 10 d. 11 c. The measur

Geometry, #question.prove that the diagonals of a trapezium divide each oth...

#question.prove that the diagonals of a trapezium divide each other proportionally .

Determining Proportionality, Assume Jim had executed 15 "Splits" before his...

Assume Jim had executed 15 "Splits" before his last split of 20 seconds. If his eventual time in the road race is 4:05, what was the average time for one of his earlier splits?

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages