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

SHARES AND DIVIDEND, PLEASE PROVIDE SOME STUFF TO WRITE ON SHARES AND DIVID...

PLEASE PROVIDE SOME STUFF TO WRITE ON SHARES AND DIVIDEND

Pattern, 1,5,14,30,55 find the next three numbers and the rule

1,5,14,30,55 find the next three numbers and the rule

Prove sum of squares any two sides equal twice square, Prove that in any tr...

Prove that in any triangle the sum of the squares of any two sides is equal to twice the square of half of the third side together with twice the square of the median, which bisect

The hurwiz method, The Hurwiz method Hurwiz method was the concept of c...

The Hurwiz method Hurwiz method was the concept of coefficient of optimism or pessimism introduced by L. Hurwicz. The decision maker takes into account both the minimum and max

Prime number, Prime number A prime number is a number whose only +ve fa...

Prime number A prime number is a number whose only +ve factors are 1 and itself. For instance 2, 3, 5, and 7 are all of the examples of prime numbers.  Examples of numbers whic

C programming, Write a program to find the area under the curve y = f(x) be...

Write a program to find the area under the curve y = f(x) between x = a and x = b, integrate y = f(x) between the limits of a and b. The area under a curve between two points can b

How to subtract fractions with different denominators, Q. How to Subtract f...

Q. How to Subtract fractions with different denominators? Ans. As with adding fractions, you can't subtract unless the denominators are the same. Here is an example: 9/

Probability, the probability that an account officer will pass her exam is ...

the probability that an account officer will pass her exam is 5/9. if she pass,the probability that she will be promoted is 3/4. she is not promoted if she fails her professional e

Monomial, express the area of a square with sides of length 5ab as monomial...

express the area of a square with sides of length 5ab as monomial

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