Question

PLEASE HELP QUICKLY!!! A student's parents offer him one of two options to receive scholarship money for college.

Answer 1

Answer:

A = $47,500.00, B = $65,536.00; B, because he receives $18,036.00 more

Step-by-step explanation:

Option A Versus Option B

Option A                                                Option B

Day Amount Deposited                        Day Amount Deposited

0     $40,000.00                                    0       $1.00

1      $40,250.00                                     1        $2.00

2      $40,500.00                                    2       $4.00

...

30   $47,500                                          16      $65,536.00

Answer:

A = $47,500.00, B = $65,536.00; B, because he receives $18,036.00 more