55.3k views
3 votes
Clue #3: You’re in the money!Congratulations! As a reward for getting through the first two clues, musicians around the world donated to your Go Fund Me page. In total, they gifted you with $100,000 with one stipulation: You’re not allowed to spend any of the money for 3 years. You can, however, park the money in a bank so it gains interest while you wait and solve the final four clues. You would like to make as much money in interest as possible and through your research online you find four lucrative options. Which bank should you choose?

Clue #3: You’re in the money!Congratulations! As a reward for getting through the-example-1
User Jatinder
by
4.9k points

1 Answer

5 votes

We find the amount after 3 years using the information given for four different banks.

The amount received from Da Bank-o-Mullah is shown below:

The amount received from La Banque is shown below:

The amount received from My bank-o-bucks is shown below:

The amount received from El-Blanco-banco is shown below:

So, from the above calculation, it is clear that the most money is made by Da Bank-o-mullah which is equal to $116870.

Thus, final answer is D=$116870

Clue #3: You’re in the money!Congratulations! As a reward for getting through the-example-1
Clue #3: You’re in the money!Congratulations! As a reward for getting through the-example-2
Clue #3: You’re in the money!Congratulations! As a reward for getting through the-example-3
Clue #3: You’re in the money!Congratulations! As a reward for getting through the-example-4
User Jon Nicholson
by
6.0k points