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

Calculate annual interest rate, 1. What is the present value of a security ...

1. What is the present value of a security that will pay $15,000 in 15 years if securities of equal risk pay 8.9% annually? Round your answer to the nearest cent. 475,858.20

Eliminate the parameter from the set of parametric equations, Eliminate the...

Eliminate the parameter from the subsequent set of parametric equations. X = t 2 + t Y = 2t - 1 Solution: One of the very easy ways to eliminate the parameter is to

PR Plan for Bloomington Bombers softball team, I need to come up with a PR ...

I need to come up with a PR plan for a fictitious women''s softball team. How much would something like that cost?

Standard trig equation, "Standard" trig equation: Now we need to move into...

"Standard" trig equation: Now we need to move into a distinct type of trig equation. All of the trig equations solved to this point were, in some way, more or less the "standard"

Metric space, Assume that (X, d) is a metric space and let (x1, : : : , x n...

Assume that (X, d) is a metric space and let (x1, : : : , x n ) be a nite set of pointsof X. Elustrate , using only the de nition of open, that the set X\(x1, : : : , x n ) obtain

Prove that xa+ar=xb+br of circle, In figure, XP and XQ are tangents from X ...

In figure, XP and XQ are tangents from X to the circle with centre O. R is a point on the circle. Prove that XA+AR=XB+BR Ans:    Since the length of tangents from externa

Simple interest, find the simple interest on Rs. 68,000 at 50/3 per annum f...

find the simple interest on Rs. 68,000 at 50/3 per annum for 9 month

Between that two call numbers should she place the book, A librarian is ret...

A librarian is returning library books to the shelf. She uses the call numbers to denote while the books belong. She requires placing a book about perennials along with a call numb

Determine the domain and range of function, Determine the domain of each of...

Determine the domain of each of the following functions.                         f( x ) = x - 4 / x 2 - 2 x -15 Solution With this problem we have to avoid division by

Projects, maths projects for class 11

maths projects for class 11

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