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

Fibonacci number, 1. Suppose n ≡ 7 (mod 8). Show that n ≠ x 2 + y 2 + z 2...

1. Suppose n ≡ 7 (mod 8). Show that n ≠ x 2 + y 2 + z 2 for any x, y, z ε Z. 2. Prove ∀n ε Z, that n is divisible by 9 if and only if the sum of its digits is divisible by 9.

Solution to a differential equation, A solution to a differential equation ...

A solution to a differential equation at an interval α Illustration 1:   Show that y(x) = x -3/2 is a solution to 4x 2 y′′ + 12xy′ + 3 y = 0 for x > 0. Solution : We'll

Sets & relation.., the graph of relation y=f(x) respect to x=2 straight lin...

the graph of relation y=f(x) respect to x=2 straight line is symmetrical then which is correct; (option) a) f(x+2)=f(x_2),b)f(2+x)=f(2_x),c)f(x)=f(_x),d)f(x)=_f(_x)

Jordan needs help, carlie is now fivetimes as old as henry. in nine years ...

carlie is now fivetimes as old as henry. in nine years her age will be twice henry''s age then. how old is carly now

How much wrapping paper will needed, Barbara is packing a wedding gift that...

Barbara is packing a wedding gift that is contained within a rectangular box 20 by 18 by 4 in. How much wrapping paper will she require? a. 512 in 2 b. 1,440 in 2 c. 1,0

What is the square root of -i and argument of -i, What is the square root o...

What is the square root of -i and argument of -i Ans) argument of -i is 270 ad 1 is the square root of -i

Estimate how much should every friend pay, A group of ?ve friends gone out ...

A group of ?ve friends gone out to lunch. The total bill for the lunch was $53.75. Their meals all cost about the similar, so they needed to split the bill evenly. Without consider

Root test- sequences and series, Root Test- Sequences and Series This ...

Root Test- Sequences and Series This is the final test for series convergence that we're going to be searching for at.  Like with the Ratio Test this test will as well tell wh

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