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

Explain polynomials, P OLYNOMIALS : It is  not  once  nor  twice  b...

P OLYNOMIALS : It is  not  once  nor  twice  but  times  without  number  that the  same ideas make  their  appearance in the  world. 1.  Find the value for K for which

Simultaneous linear equations (graphical method), Steps in solving graphica...

Steps in solving graphical method of simultaneous linear equations

H, 6987+746-212*7665

6987+746-212*7665

Find out primes of each denominator, Find out primes of each denominator: ...

Find out primes of each denominator: Add 1/15 and 7/10 Solution: Step 1:             Find out primes of each denominator. 15 = 5 x 3 10 = 5 x 2 Step 2:

Types of distribution, Types of distribution Population distribution ...

Types of distribution Population distribution This refers to the distribution of the individual values of population. This mean it is denoted by 'µ' Sample distributi

Expected opportunity loss or eol method, Expected opportunity loss or EOL m...

Expected opportunity loss or EOL method EOL method is aimed at minimizing the expected opportunity loss or OEL. The decision maker chooses the strategy along with the minimum e

Curve tracing, How we calculate region for curve tracing

How we calculate region for curve tracing

Whole numbers, Observe that natural numbers do not have a zero....

Observe that natural numbers do not have a zero. This shortcoming is made good when we consider the set of whole numbers. The set of whole numbe

Whats this, how do you determine if a graph has direct variation

how do you determine if a graph has direct variation

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