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Would you rather put $3 in the bank and have triple in four weeks OR put $4 in the bank and have quadruple each week for 3 weeks? Explain why.

User Scherand
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1 Answer

4 votes

Final answer:

Option 2, which is putting $4 in the bank and having it quadruple each week for 3 weeks, is the better choice because it results in a higher total amount of money compared to Option 1.

Step-by-step explanation:

To compare the two options, let's calculate the total amount of money for each option:

Option 1: Start with $3 and triple it in four weeks.

Triple the amount of money is three times as much, so after four weeks, you would have $3 * 3 = $9.

Option 2: Start with $4 and have quadruple each week for three weeks.

Quadruple means four times as much, so after the first week, you would have $4 * 4 = $16. After the second week, it would be $16 * 4 = $64. And after the third week, it would be $64 * 4 = $256.

Comparing the total amounts, Option 2 gives you more money with $256 compared to $9 in Option 1. Therefore, Option 2 is the better choice.

User WMR
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