document.write( "Question 1197953: Your group are running a foundation for street children. Ms. Queen, a friend and rich benefactor, offers two options for her donations:\r
\n" ); document.write( "\n" ); document.write( "Option A: To give $1000 on day 1,
\n" ); document.write( "$999 on day 2, $998 on day 3, with the process to end after 1000 days. \r
\n" ); document.write( "\n" ); document.write( "Option B: To give $1000 on the first month and increase the
\n" ); document.write( "donation by 12% on the next month. This will continue for 3 years\r
\n" ); document.write( "\n" ); document.write( "You have to tell her which option you will take.
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Algebra.Com's Answer #831431 by math_tutor2020(3817)\"\" \"About 
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\n" ); document.write( "Option A has the sequence: 1000, 999, 998, ..., 3, 2, 1\r
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\n" ); document.write( "\n" ); document.write( "It is arithmetic with
\n" ); document.write( "\"a%5B1%5D\" = 1000 = first term
\n" ); document.write( "d = -1 = common difference
\n" ); document.write( "n = 1000 terms\r
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\n" ); document.write( "\n" ); document.write( "\"S%5Bn%5D\" = sum of the first n terms of an arithmetic sequence\r
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\n" ); document.write( "\n" ); document.write( "\"S%5Bn%5D+=+%28n%2F2%29%2A%282%2Aa%5B1%5D%2Bd%28n-1%29%29\"\r
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\n" ); document.write( "\n" ); document.write( "\"S%5B1000%5D+=+%281000%2F2%29%2A%282%2A1000-1%281000-1%29%29\"\r
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\n" ); document.write( "\n" ); document.write( "\"S%5B1000%5D+=+500500\"
\n" ); document.write( "Therefore, adding the terms 1000,999,998,...,3,2,1 will get us the sum 500500
\n" ); document.write( "1000+999+998+...+3+2+1 = 500500\r
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\n" ); document.write( "\n" ); document.write( "Option B is a geometric sequence: 1000, 1000*(1.12), 1000*(1.12)^2, ..., 1000*(1.12)^(36-1)\r
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\n" ); document.write( "\n" ); document.write( "Note: 3 years = 3*12 = 36 months\r
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\n" ); document.write( "\n" ); document.write( "a = 1000 = first term
\n" ); document.write( "r = 1.12 = common ratio, to represent an increase of 12%
\n" ); document.write( "n = 36 = number of terms\r
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\n" ); document.write( "\n" ); document.write( "\"S%5Bn%5D\" = sum of the first n terms of a geometric sequence\r
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\n" ); document.write( "\n" ); document.write( "\"S%5Bn%5D+=+%28a%2A%281-r%5En%29%29%2F%281-r%29\"\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "\"S%5B36%5D+=+%281000%2A%281-%281.12%29%5E36%29%29%2F%281-1.12%29\"\r
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\n" ); document.write( "\n" ); document.write( "\"S%5B36%5D+=+484463.11607167\"\r
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\n" ); document.write( "\n" ); document.write( "\"S%5B36%5D+=+484463.12\"\r
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\n" ); document.write( "\n" ); document.write( "If you go for option A, then you'll get a total of $500,500.
\n" ); document.write( "If you go for option B, then you'll get a total of $484,463.12\r
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\n" ); document.write( "\n" ); document.write( "We see that option A is better by 16036.88 dollars since 500500-484463.12 = 16036.88\r
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\n" ); document.write( "\n" ); document.write( "Answer: Option A offers the most money at $500,500.
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