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

Velocity of a particle, A particle moves along a straight line so that afte...

A particle moves along a straight line so that after t secs its distance from fixed point O on the line is given by s=(t-1)^2(t-2).find the distance from O when the velocity is zer

Set theory, A survey of 400 of recently qualified chartered Accountant reve...

A survey of 400 of recently qualified chartered Accountant revealed that 112 joined industry, 120 stated practice & 160 joined the firms of practicing chartered accountants as paid

Analysis and optimization, 1. In an in finite horizon capital/consumption m...

1. In an in finite horizon capital/consumption model, if kt and ct are the capital stock and consumption at time t, we have f(kt) = ct+kt+1 for t ≥ 0 where f is a given production

Positive exponents, Simplify following and write the answers with only posi...

Simplify following and write the answers with only positive exponents.   (-10 z 2 y -4 ) 2 ( z 3 y ) -5 Solution    (-10 z 2 y -4 ) 2 ( z 3 y ) -5

Travel time, you are driving on a freeway to a tour that is 500 kilometers ...

you are driving on a freeway to a tour that is 500 kilometers from your home. after 30 minutes , you pass a freeway exit that you know is 50 kilometer from your home. assuming that

By the last gymnastics competition estimate keri total score, In her last g...

In her last gymnastics competition Keri scored a 5.6 on the floor exercise, 5.85 on the vault, and 5.90 on the balance beam. What was Keri's total score? Keri's three scores re

Partial derivatives, So far we have considered differentiation of functions...

So far we have considered differentiation of functions of one independent variable. In many situations, we come across functions with more than one independent variable

Substitutions at bernoulli equations, In the prior section we looked at Ber...

In the prior section we looked at Bernoulli Equations and noticed that in order to solve them we required to use the substitution v = y 1-n . By using this substitution we were cap

Geometric , a part of a line with two end points.

a part of a line with two end points.

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