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

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?

Finf the value of x or y from given liner equation, 41x + 53y = 135, 53x +4...

41x + 53y = 135, 53x +41y =147 Ans:    41x + 53 y = 135, 53 x + 41 y = 147 Add the two equations : Solve it, to get ... x + y = 3 -------(1) Subtract : Solve it , to

Quardrilatrel, construct aquadrilaterl PQRSin which pq=3.5cm qr=6.5cm ,p=60...

construct aquadrilaterl PQRSin which pq=3.5cm qr=6.5cm ,p=60 ,q=105 ,s=75

Calculate the value of the following limits, Calculate the value of the fol...

Calculate the value of the following limits. Solution To remind us what this function such as following the graph. hence, we can see that if we reside to the r

Simplify the boolean function, Simplify the Boolean function: F...

Simplify the Boolean function: F (w,x,y,z) = ∑ (0, 1, 2, 3, 4, 6, 8, 9, 12, 13, 14)  (8)  Ans:   f(w, x, y, z) = ∑(0, 1, 2, 3, 4, 6, 8, 9, 12, 13, 14) The above

Heaviside or step function limit, Heaviside or step function limit : Calcu...

Heaviside or step function limit : Calculates the value of the following limit. Solution This function is frequently called either the Heaviside or step function. We

Coordinate geometry, find the points on y axis whose distances from the poi...

find the points on y axis whose distances from the points A(6,7) and B(4,-3) are in the ratio 1:2

Integration, R={(r, ?):1=r= 2cos? ,-p/3= ? =p/3

R={(r, ?):1=r= 2cos? ,-p/3= ? =p/3

Determine if the three vectors lie in similar plane or not, Determine if th...

Determine if the three vectors a → = (1, 4, -7), b → = (2, -1, 4) and c → = (0, -9, 18) lie in similar plane or not. Solution Thus, as we noted prior to this example al

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