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

John and charlie have a whole of 80 dollars he has x dollar, John and Charl...

John and Charlie have a whole of 80 dollars. John has x dollars. How much money does Charlie have? This problem translates to the expression 42 + (11 - 9) ÷ 2. Using order of o

HELP, HOW MANY TENS ONES AND HUNDRED ARE IN A GROUP OF 2

HOW MANY TENS ONES AND HUNDRED ARE IN A GROUP OF 2

Find the sum of series r/(r+1)(r+2)(r+3)from 1 upto infinity, Apply the con...

Apply the concept of partial fraction and add the corresponding terms. The terms will get cut automatically leaving the first and last term

Viscosity measure, get the viscosity of particle to apply the stoke''s law

get the viscosity of particle to apply the stoke''s law

Solution to an equation or inequality, First, a solution to an equation or ...

First, a solution to an equation or inequality is any number that, while plugged into the equation/inequality, will satisfy the equation/inequality. Thus, just what do we mean by

Vectors, A 10 m ladder of 150N is placed at an angle 30degrees to a smooth ...

A 10 m ladder of 150N is placed at an angle 30degrees to a smooth wall at point A and the other end (point B) on the ground. Assume that the weight of the ladder acts at its mid po

Consumer behaviour, what is consumer behaviour according to accounting

what is consumer behaviour according to accounting

Point of intersection, Equation of line joining(0,0)and point of intersecti...

Equation of line joining(0,0)and point of intersection of X2+Y2+2XY=4 , 3x2+5y2-xy=7 is solution) The two equations above represent pair of straight lines. We can complete the sq

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