Question

Harrison and Sherrie are making decisions on their bank accounts. Harrison wants to put more money in as a principle amount because the more you start with, the more interest you will gain. Sherrie wants to put the original money in an account with a higher interest rate. Explain which method will result in more money.

Answer 1

I believe that this depends on three things-
1) how long are you going to put in the money for?
2) Is there a big difference between the two interest rates?
3) how much do you start out with in both cases (what is your principal?)

Hope it helped

Answer 2

Yes, it is quite a poorly asked question. I appreciate your help.