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
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document.write( "Option A: To give $1000 on day 1,
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document.write( "$999 on day 2, $998 on day 3, with the process to end after 1000 days. \r
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document.write( "Option B: To give $1000 on the first month and increase the
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document.write( "donation by 12% on the next month. This will continue for 3 years\r
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document.write( "You have to tell her which option you will take. \n" );
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Algebra.Com's Answer #831431 by math_tutor2020(3817)![]() ![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "Option A has the sequence: 1000, 999, 998, ..., 3, 2, 1\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "It is arithmetic with \n" ); document.write( " \n" ); document.write( "d = -1 = common difference \n" ); document.write( "n = 1000 terms\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \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 \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "-------------------------------------------------------\r \n" ); document.write( " \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 \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Note: 3 years = 3*12 = 36 months\r \n" ); document.write( " \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 \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \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 \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "We see that option A is better by 16036.88 dollars since 500500-484463.12 = 16036.88\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "-------------------------------------------------------\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Answer: Option A offers the most money at $500,500. \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " |