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

Operation of fraction, what are the formula in the operation of fraction an...

what are the formula in the operation of fraction and how will i apply the operation of fraction on word problems

Please help me solve these Problems step by step, What angle (to the neares...

What angle (to the nearest degree) corresponds to the cos 0.6 or what is cos-1(0.6)? (Note: Use Appendix I) What angle (to the nearest degree) corresponds to the sin 0.6 or what

Probability, Q)  In a lottery ,a person chooses six different natural numbe...

Q)  In a lottery ,a person chooses six different natural numbers at random 1to 20,and if there six numbers match with the six numbers already fixed by the lottery committee ,he win

Wholenumberriddles, I am less than 100 the sum of my digits is 4 half of me...

I am less than 100 the sum of my digits is 4 half of me is an odd number

External forces, It is the catch all force. If there are some other forces ...

It is the catch all force. If there are some other forces which we decide we need to act on our object we lump them in now and call this good. We classically call F(t) the forcing

6th grade, what is the length of a line segment with endpoints (-3,2) and (...

what is the length of a line segment with endpoints (-3,2) and (7,2)?

Explain comparing fractions with example, Explain Comparing Fractions with ...

Explain Comparing Fractions with example? If fractions are not equivalent, how do you figure out which one is larger? Comparing fractions involves finding the least common

Write an equation in radius and solve it for radius, X and Y are centers of...

X and Y are centers of circles of radius 9cm and 2cm and XY = 17cm. Z is the centre of a circle of radius 4 cm, which touches the above circles externally.  Given that XZY=90 o , w

#algebra, what is the answer of 6_5x9_4x3(1_2)

what is the answer of 6_5x9_4x3(1_2)

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