Let us say
that the amount needed to open an account is uniformly 10,000 in both methods
and increases 10% annually and increases 1% per 1000.
Original
amount = 10, 000 ~ 10%
<span><span> 1. </span>Harrison </span>
10%
~ increases 1% per 1000
Money = 11, 000
Total Interest = 11%
<span>
After 2 years = 11,000 x 0.22 = 2420 + 11,000 = 13, 420</span>