Mathematics, 03.12.2020 23:20, asanjog2755
A student's parents offer him one of two options to receive scholarship money for college.
Option A: Deposit $17,000.00 into his savings account and then add an additional $1,250.00 each day for 30 days
or
Option B: Deposit $0.50 into his savings account and then triple that amount each day for only 10 days
When rounded to the nearest cent, how much money is deposited into his savings account on the last day (day 30) for Option A, and how much is deposited into his savings account on the last day (day 10) for Option B? If the student keeps only what is deposited on the last day, which option should he choose?
Option A Versus Option B
Option A Option B
Day Amount Deposited Day Amount Deposited
0 $17,000.00 0 $0.50
1 $18,250.00 1 $1.50
2 $19,500.00 2 $4.50
A = $142,845.76, B = $29,524.50; B, because he receives $113,321.26 more
A = $54,500.00, B = $10.50; A, because he receives $54,489.50 more
A = $37,500.00, B = $59,049.00; B, because he receives $21,549.00 more
A = $54,500.00, B = $29,524.50; A, because he receives $24,975.50 more
Answers: 2
Mathematics, 21.06.2019 16:30, sjaybanks4067
Asequence {an} is defined recursively, with a1 = 1, a2 = 2 and, for n > 2, an = an-1 an-2 . find the term a241
Answers: 2
Mathematics, 21.06.2019 17:30, samymaria1344
Lee has $1.75 in dimes and nickels. the number of nickels is 11 more than the number of dimes. how many of each coin does he have?
Answers: 1
A student's parents offer him one of two options to receive scholarship money for college.
Option A...
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