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

Introduction to addition and subtraction, INTRODUCTION :  When a child of ...

INTRODUCTION :  When a child of seven isn't able to solve the sum 23+9, what could the reasons be? When she is asked to subtract 9 from 16, why does she write 9 - 16 = 13 ?

Example of mathematical operations, Example of mathematical operations: ...

Example of mathematical operations: Example: Solve the following equation: [2 .( 3 + 5) - 5 + 2] x 3 =  ________   Solution: a.         Perform operations with

Can you explain slope, Can you explain slope and Slope is measured as rise/...

Can you explain slope and Slope is measured as rise/run?

Types of relation, Relations in a Set: Let consider R be a relation fro...

Relations in a Set: Let consider R be a relation from A to B. If B = A, then R is known as a relation in A. Thus relation in a set A is a subset of A ΧA. Identity Relation:

Euler equations with an auxiliarty condition - shortest path, 1. Finding th...

1. Finding the shortest path btween any two points on the surface of a sphere but use the method of the euler equations with an auxiliarty condition imposed? Question2:

Distinct eigenvalues, It's now time to do solving systems of differential e...

It's now time to do solving systems of differential equations. We've noticed that solutions to the system, x?' = A x? It will be the form of, x? = ?h e l t Here l and

Comparison test or limit comparison test, Comparison Test or Limit Comparis...

Comparison Test or Limit Comparison Test In the preceding section we saw how to relate a series to an improper integral to find out the convergence of a series.  When the inte

Markov chain, The Video Club Martin rents movies at "regular price" andat ...

The Video Club Martin rents movies at "regular price" andat "half price". Usually if the films are regularly priced one day, they will be at regular price the next day with probab

Addition, #questiowhat is 1+1n..

#questiowhat is 1+1n..

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