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

Fractions, my daughter brought home home work im not sure how to do it the ...

my daughter brought home home work im not sure how to do it the fractions has to be labled from least to greatest

What is number systems, NUMBER SYSTEMS: Numbers are intellectual witne...

NUMBER SYSTEMS: Numbers are intellectual witnesses that belong only to mankind. Example: If the H C F of 657 and 963 is expressible in the form of 657x + 963 x -

Geometry, I need help in my homework

I need help in my homework

B cross c whole square equals., lbl 2 lcl 2 sin 2 θ

lbl 2 lcl 2 sin 2 θ

Discrete mathematics for computing, Everything stored on a computer can be ...

Everything stored on a computer can be represented as a string of bits. However, different types of data (for example, characters and numbers) may be represented by the same strin

Min Problem, I need help solving this question...You have to design a recta...

I need help solving this question...You have to design a rectangular flyer. The top and bottom must have 5" margins and the left and right sides must have 2" margins. If you must

Word problem, A jet flew at an average speed of 480mph from Point X to Poin...

A jet flew at an average speed of 480mph from Point X to Point Y. Because of head winds, the jet averaged only 440mph on the return trip, and the return trip took 25 minutes longer

Lucy youth group increased $1, Lucy's youth group increased $1,569 for char...

Lucy's youth group increased $1,569 for charity. They decided to split the money evenly between 3 charities. How much will each charity receive? Divide the money raised through

Vector, what is dot

what is dot

Four distinct points on a circle, If (a,1/a), (b,1/b),(c,1/c),(d,1/d) are f...

If (a,1/a), (b,1/b),(c,1/c),(d,1/d) are four distinct points on a circle of radius 4 units then,abcd is equal to?? Ans) As they are of form (x,1/x) let eq of circle be x

Write Your Message!

Name

Email id

Message

Verfication Code

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!

Submit Assignment

User Account

All Pages