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

Surds and logarithms, what are these all about and could i have some exampl...

what are these all about and could i have some examples of them please

How many students are study physics alone, A class has 175 learners. The gi...

A class has 175 learners. The given table describes the number of learners studying one or more of the subsequent subjects in this case Subjects

How to find the mean of, f(x)=5x^-6 on the interval [1,infinity)

f(x)=5x^-6 on the interval [1,infinity)

Indicestitle.., Advantages and disadvantages of paasche indices

Advantages and disadvantages of paasche indices

Area, area of r=asin3x

area of r=asin3x

#title.heat loss in a cylindrical pipe., briefly explain how the famous equ...

briefly explain how the famous equation for the loss of heat in a cylindrical pipe is derived

Testing the difference between two sample means-illustration, An observatio...

An observation was made concerning reading abilities of males and females. The observation leads to a conclusion that females are faster readers than males. The observation was bas

Optimization, Optimization is required in situations that frequentl...

Optimization is required in situations that frequently arise in finance and other areas. Organizations would like to maximize their profits or minimize thei

Angles, why is a complimentary angle 90 degres

why is a complimentary angle 90 degres

.fractions, what is the difference between North America''s part of the tot...

what is the difference between North America''s part of the total population and Africa''s part

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