Question

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

Answer 1

@ShadowLegendX

Answer 2

@ShadowLegendX HELP ME

Answer 3

Uhhh, use the Banana method

Answer 4

Higher interest makes more money.

Answer 5

Basically, you steal a small loan of a million dollars from Donald Trump

Answer 6

@ShadowLegendX Ahaha. Good one.

Answer 7

Put that moolah in the bank, ez interest

Answer 8

shad if you are still butt hurt that i took money from you for my car i said im sorry

Answer 9

higher interest rate

Answer 10

I'll need to use a bit of calculus to explain... but bacsically functions have rates of change, and the rate of an exponential growth function is... exponential...

Answer 11

which means more money at the start, unless its EXPONENTIALLY more money (like a FACTOR), won't actually do anything

Answer 12

im in alg 2

Answer 13

You want to use calculus to explain a concept to someone who is in alg

Answer 14

Buddy

Answer 15

good enough back to csgo

Answer 16

lol

Answer 17

http://prntscr.com/acvh4s

Answer 18

@johnweldon1993

Answer 19

try an example... try principle P with interest rate N and principle P/2 with interest rate N+1...

Answer 20

Full Course

Answer 21

then use some numbers and some calculations in your example to explain

Answer 22

thanks inky pinky

Answer 23

(You'll find that no matter what, the bigger interest rate will come out as the winner over a long period of time...)