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

What is the smaller probable value of this number, The sum of the square of...

The sum of the square of a number and 12 times the number is -27. What is the smaller probable value of this number? Let x = the number.  The statement that is "The sum of the

upper and lower limits, A critical dimension of the service quality of a c...

A critical dimension of the service quality of a call center is the wait time of a caller to get to a sales representative. Periodically, random samples of 6 customer calls are mea

Adding & subtracting i guess, Jack and his mother paid $11.50 for tickets t...

Jack and his mother paid $11.50 for tickets to the movies, and adults tickets cost $4.50 more than a child ticket what was the cost of each ticket?

Integration by parts -integration techniques, Integration by Parts -Integra...

Integration by Parts -Integration Techniques Let's start off along with this section with a couple of integrals that we should previously be able to do to get us started. Fir

Definition of higher order derivatives, Higher Order Derivatives : Le...

Higher Order Derivatives : Let's begin this section with the given function.                            f ( x ) = 5x 3 - 3x 2 + 10 x - 5 By this point we have to be a

Who had the highest batting average, Mike, Dan, Ed, and Sy played together ...

Mike, Dan, Ed, and Sy played together on a baseball team. Mike's batting average was 0.349, Dan's was 0.2, Ed's was 0.35, and Sy's was 0.299. Who had the highest batting average?

Logorithms, log base 5 (3-2x) + log base 5 (2+x) = 1

log base 5 (3-2x) + log base 5 (2+x) = 1

Objectives of multiplication and division, Objectives After reading t...

Objectives After reading this unit, you should be able to 1. Explain the meaning of multiplication / division and interpret it in different contexts; 2. Convert symbo

Describe subtracting negative fractions, Describe Subtracting Negative Frac...

Describe Subtracting Negative Fractions? Subtracting two fractions, whether one is positive and one is negative, or whether they are both negative, is almost the same process a

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