Leroi and Sylvia both put $100 in a savings account. Leroi decides he will put in an additional $10 each week. Sylvia decides to put in additional 10% of the amount in the account each week.

Question

1)Who has more money after the first additional deposit? Explain.
2)Who has more money after the second additional deposit? Explain.
3)How do you think the amount in the two accounts will compare after a month? A year?
THANK YOU!!!

Answer 1

1. Neither. 10% of $100 = $10

2. 10% of $110 = $11

3. Leroi will have more.

Answer 2

Leroy will NEVER have more.

Answer 3

Question
Leroi and Sylvia both put $100 in a savings account. Leroi decides he will put in an additional $10 each week. Sylvia decides to put in an additional 10% of the amount in the account each week.

Answer 4

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