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

Find the z-score, For a population with a mean of μ=80 and a standard devia...

For a population with a mean of μ=80 and a standard deviation of o=12, find the z-score corresponding to each of the following samples. a.    M=83 for a sample of n=4 scores b.

Write following in terms of simpler logarithms, Write following in terms of...

Write following in terms of simpler logarithms.  (a) log 3 (9 x 4    / √y) Solution log 3 (9 x 4 / √y) =log ­ 3 9x 4 -  log  y (1/2) =log ­ 3 9 + log ­ 3 x 4

Demerits and merit-the median, The median Merits i.  This shows t...

The median Merits i.  This shows the centre of a described set of data ii.  Knowledge of the determination of the median may be extended to find out the quartiles i

Elimination, Eliment t from following equations v=u+at s=ut+1/2at^2

Eliment t from following equations v=u+at s=ut+1/2at^2

Shares and dividends, How do I proceed with a project on Shares and Dividen...

How do I proceed with a project on Shares and Dividends?

Number sequence, what is the formula to find a sequence on a string of numb...

what is the formula to find a sequence on a string of numbers?

The invisible effort on learning maths, The Invisible Effort :   Although t...

The Invisible Effort :   Although the development of children is a process, what is noticed and given recognition to is the end-product. We usually speak of children having achieve

Graph y = cos ( x ) - common graph, Graph y = cos (x) Solution: There ...

Graph y = cos (x) Solution: There actually isn't a whole lot to this one.  Given the graph for -4 ? ≤ x ≤ 4 ? . Note that we can put all values of x in cosine (that wo

Robin''s nest nursing home had a fundraising target, The Robin's Nest Nursi...

The Robin's Nest Nursing Home had a fundraising target of $9,500. By the end of the fundraiser, they had exceeded their goal through $2,100. How much did they raise? Exceeded

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