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

Help, sin(x)+cos(x)

sin(x)+cos(x)

Show that af+bd+ce=ae+bf+cd= 1/2 , In figure, the incircle of triangle ABC...

In figure, the incircle of triangle ABC touches the sides BC, CA, and AB at D, E, and F respectively. Show that AF+BD+CE=AE+BF+CD= 1/2   (perimeter of triangle ABC), Ans:

What was brian''s total commission on these three sales, Brian is a real es...

Brian is a real estate agent. He forms a 2.5% commission on each sale. During the month of June he sold three houses. The houses sold for $153,000, $299,000, and $121,000. What was

Linear Systems, Find the solution to the following system of equations usin...

Find the solution to the following system of equations using substitution:

Math, what is the changen intemperature bewtween the highest and the lowest...

what is the changen intemperature bewtween the highest and the lowest temperture high-40c low-0c

Maths For Fun, Ask Suppose I offer you a loan to start a safety matchstick ...

Ask Suppose I offer you a loan to start a safety matchstick production unit on the following terms: I shall first advance you Rs.50,000/- to set up your unit, and wait for 3 month

Determine the transfer function, A digital filter has zero at z=a and poles...

A digital filter has zero at z=a and poles at z=b andz=c, where a, b, c are the real constants. Determine the transfer function and the frequency response function of the filter an

Binormal vector - three dimensional space, Binormal Vector - Three Dimensio...

Binormal Vector - Three Dimensional Space Next, is the binormal vector.  The binormal vector is illustrated to be, B → (t) = T → (t) * N → (t) Since the binormal vecto

Ryan gym membership costs him how much is every installment, Ryan's gym mem...

Ryan's gym membership costs him $390 per year. He pays this within twelve equal installments a year. How much is every installment? To ?nd out each installment, the total yearl

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