Question

Larry and Peggy are making decisions on their bank accounts. Larry wants to put the original money in an account with a higher interest rate. Peggy wants to put more money in as a principle amount because the more you start with, the more interest you will gain. Explain which method will result in more money.

Answer 1

i think the one that will result in more money would be : put more money in as a principle amount.

The different of interest rate between each banks probably less than 3 % a year. I think putting more money as a principle amount will give them more interest revenue in the future

Hope this helps