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

Fractions, what is equizilent to 2/5

what is equizilent to 2/5

X and y -intercept, X-intercept  If an intercept crosses the x-axis we ...

X-intercept  If an intercept crosses the x-axis we will call it as x-intercept .  Y-intercept Similar, if an intercept crosses the y-axis we will call it as a y-inter

Pairs of straight lines, The equation ax2 + 2hxy + by2 =0 represents a pair...

The equation ax2 + 2hxy + by2 =0 represents a pair of straight lines passing through the origin and its angle is tan q = ±2root under h2-ab/(a+b) and even the eqn ax2+2hxy+by2+2gx+

Example of graphing equations, Example of Graphing Equations: Example...

Example of Graphing Equations: Example: By using the above figure, find out the distance traveled if the average speed is 20 mph and the time traveled is 40 minutes. T

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.

Straight Line, can i known the all equations under this lesson with explana...

can i known the all equations under this lesson with explanations n examples. please..

Simplify compound fractions, A compound fraction is a fraction that has oth...

A compound fraction is a fraction that has other fractions inside its numerator or denominator. Here's an example: While compound fractions can look really hairy, they're r

Conic sections, The locus of the midpoint of the chords of an ellipse which...

The locus of the midpoint of the chords of an ellipse which are drawn through an end of minor axis is called

Distance traveled by car - word problem, Distance Traveled by Car - word pr...

Distance Traveled by Car - word problem: It takes a man 4 hours to reach a destination 1325 miles from his home. He drives to the airport at an average speed of 50 miles per h

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