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

Porportions, how do you solve for porportions?

how do you solve for porportions?

Lucy youth group increased $1, Lucy's youth group increased $1,569 for char...

Lucy's youth group increased $1,569 for charity. They decided to split the money evenly between 3 charities. How much will each charity receive? Divide the money raised through

Add or subtract operations for complex numbers, performs the mentioned oper...

performs the mentioned operation and write the answers in standard form. ( -4 + 7 i ) + (5 -10 i ) Solution Actually there isn't much to do here other than add or subt

Simultaneous equations, i need a step by step guide to answering simultaneo...

i need a step by step guide to answering simultaneous equation for gcses

Statistics., the mean and standarddeviation of set a is -x ans s respective...

the mean and standarddeviation of set a is -x ans s respectively.find the mean and standard deviation of set b

Estimate how much did larry spend, Larry purchased 3 pairs of pants for $24...

Larry purchased 3 pairs of pants for $24 each or have 5 shirts for $18 each. How much did Larry spend? Divide the miles through the time to find the rate; 3,060 ÷ 5 = 612 mph.

Homework help, Eduardo is combining two 6 inches pieces of wood with a piec...

Eduardo is combining two 6 inches pieces of wood with a piece that measures 4 inches. How many total inches of wood does he have?

Hypothesis testing, Hypothesis Testing Definition of Hypothesis Testing...

Hypothesis Testing Definition of Hypothesis Testing - A hypothesis is a claim or an opinion about an issue or item.  Hence it has to be tested statistically in order to esta

Least common denominator of rational expression, Perform the denoted operat...

Perform the denoted operation.                    (4/6x 2 )-(1/3x 5 )+(5/2x 3 ) Solution For this problem there are coefficients on each of term in the denominator thus

Full asymptotic expansion , Consider the integral where the notatio...

Consider the integral where the notation means a contour that is parallel to the real z axis, but moved down by a distance d . Use the method of steepest descents to deri

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