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 spiral development of the mathematics curriculum?, E1) Can you g...

E1) Can you give some more examples of the spiral development of the mathematics curriculum? E2) A Class 3 child was asked to add 1/4 + 1/5. She wrote 2/9. Why do you feel this

Fractions, Andre''s boss asked him to arrange bolts placing the shortest bo...

Andre''s boss asked him to arrange bolts placing the shortest bolt near the front 1 and three fourth inch 1 and 5 eigths 1 and 11 sixteenths which is the shortest

Product life clycle, usefullness of product life cycle

usefullness of product life cycle

Rounding, round 200 to nearest hundreds

round 200 to nearest hundreds

Jamal, jamal works every morning in his garden. yesterday he worked 3 AND 3...

jamal works every morning in his garden. yesterday he worked 3 AND 3-4HOURS. HE SPENT 1-3 OF THE TIME PULLING WEEDS. HOW MANY HOURS DID JAMAL SPEND PULLING WEEDS?

Variation, If p=10 when q=2,find p when q=5

If p=10 when q=2,find p when q=5

#mathematics induction, how many numbers must be selected from the set A={1...

how many numbers must be selected from the set A={1, 3, 5, 7, 9, 11, 13, 15}to guarantee that at least one pair of these numbers add up to16? Explain and justify your answer

Area of regular polygon, Suppose a regular polygon , which is an N-sided w...

Suppose a regular polygon , which is an N-sided with equal side lengths S and similar angles at each corner. There is an inscribed circle to the polygon that has center C and ba

Calculate probabilities, Iran is trying to decide whether it should pursue ...

Iran is trying to decide whether it should pursue its nuclear weapons program, and its decision will be affected in large measure by what it expects the United States to do. Your a

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

Write Your Message!

Name

Email id

Message

Verfication Code

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!

Submit Assignment

User Account

All Pages