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

Probability, One coin is tossed thrice. what will be the probability of get...

One coin is tossed thrice. what will be the probability of getting neither 3 heads nor 3 tails

Simultaneous equations with two or more than two variables, Method to solve...

Method to solve Simultaneous Equations with two or more than two variables Method  Above we have seen equations wherein we are required to find the value of the

Algebraic models, Establish appropriate algebraic models for each of the fo...

Establish appropriate algebraic models for each of the following sets of data. You can use technology to assist. Plot them on grids and demonstrate how you have established each mo

Evaluate the log function, Evaluate the log function: Calculate 3log 1...

Evaluate the log function: Calculate 3log 10 2. Solution: Rule 3.             log  (A n ) = nlog b   A 3log 10  2 = log 10 (2 3 ) = log 10   8 = 0.903

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

how do you determine if a graph has direct variation

Give the definition of logarithms, Give the Definition of Logarithms ? ...

Give the Definition of Logarithms ? A logarithm to the base a of a number x is the power to which a is raised to get x. In equation format: If x = ay, then log a x = y.

Cubic math, A fish tank has the base area of 45 cm3 and is filled to the de...

A fish tank has the base area of 45 cm3 and is filled to the depth of 12 cm.If the height is 25 cm then how much more will be needed to fill the rest of the tank?

Parallel and perpendicular lines, The last topic that we have to discuss in...

The last topic that we have to discuss in this section is that of parallel & perpendicular lines. Following is a sketch of parallel and perpendicular lines. Suppose that th

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