Question

Leroi and sylvia both put $100 in a saving account. Leroi decides to put an additional $10 each week. Sylvia decides to put in an additional 10% of the amount each week. Who has more money after the second additional deposit? How do you think the amounts in the two accounts will compare after a month? a year?

Answer 1

Sylvia because Leroi will always add 10$ but if Sylvia puts in 10% the first time will be $10. The total then will be 110, 10% of that is $11 which would result in 121 and 10% of that is $12.10 and so on.