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

Expected opportunity loss or eol method, Expected opportunity loss or EOL m...

Expected opportunity loss or EOL method EOL method is aimed at minimizing the expected opportunity loss or OEL. The decision maker chooses the strategy along with the minimum e

Pre algebra .., help

help

Money, how do you add 1,ooo and 100?

how do you add 1,ooo and 100?

Solving an equation problems, Temperature: On one day in Fairfield, Montana...

Temperature: On one day in Fairfield, Montana the temperature dropped 80 degree fahrenheit from noon to midnight. If the temperature at midnight was -21 degree fahrenheit, write an

Show line graphs and histograms, Q. Show Line graphs and Histograms? A...

Q. Show Line graphs and Histograms? Ans. Line graphs are closely related to histograms. Look at the graph below. It shows the line graph of the example above but also in

Melissa is four times if jim is y years old, Melissa is four times as old a...

Melissa is four times as old as Jim. Pat is 5 years older than Melissa. If Jim is y years old, how old is Pat? Start along with Jim's age, y, because he appears to be the young

Word problems, A baseball card was worth $5.00 in 1940. It doubled in value...

A baseball card was worth $5.00 in 1940. It doubled in value every decade. How much was it worth in 2000?

The definite integral- area under a curve, The Definite Integ...

The Definite Integral Area under a Curve If there exists an irregularly shaped curve, y = f(x) then there is no formula to find out

Simple interest, I,jin.bplk,8u90i0

I,jin.bplk,8u90i0

Quan. literacyprofiency, 3.20 euros per kilogram, 1 kilogram =2.2 pounds an...

3.20 euros per kilogram, 1 kilogram =2.2 pounds and current exchange rate is $1=0.9 euros. what is the price per pound?

Write Your Message!

Name

Email id

Message

Verfication Code

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!

Submit Assignment

User Account

All Pages