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

How mathematical ideas grow, HOW MATHEMATICAL IDEAS GROW :  In this sectio...

HOW MATHEMATICAL IDEAS GROW :  In this section we shall consider three aspects of the nature of mathematical ideas, namely, that they progress from concrete to abstract, from part

All subjects, I need help. Is there anyone there to help me?

I need help. Is there anyone there to help me?

Puzzle, 0+50x1-60-60x0+10

0+50x1-60-60x0+10

Examples of complex numbers, Following are some examples of complex numbers...

Following are some examples of complex numbers. 3 + 5i                                                 √6 -10i (4/5) + 1           16i                     113 The last t

Series - convergence or divergence, Series - Convergence/Divergence In ...

Series - Convergence/Divergence In the earlier section we spent some time getting familiar with series and we briefly explained convergence and divergence.  Previous to worryin

Fermat''s little theorem, 1. How many closed necklaces of length 7 can be m...

1. How many closed necklaces of length 7 can be made with 3 colors? (notice that 7 is a prime) 2. How many closed necklaces of length 10 can be made with 3 colors (this is di erent

Quick help for exam preparation, can you help me with entrance exam for uni...

can you help me with entrance exam for university ? i really need help so quick

Probability., an insurance salesman sells policies to 5 men, all of identic...

an insurance salesman sells policies to 5 men, all of identical age in good health. the probability that a man of this particular age will be alive 30 years hence is 2/3.Find the p

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