Leroi and sylvia both put 100 in a savings account. Leroi decides he will put in additional 10$ each week. Sylvia decides to put in additional 10% of the amount in the account each week. who has more miney after the first additional deposit? Who has more money after the second additional deposit? Explain.

Leroi and sylvia both put 100 in a savings account.

=> Leroi decides he will put in additional 10$ each week.

=> Sylvia decides to put in additional 10% of the amount in the account each week.

Now, who has more money after the first additional deposit?

And who has more money after the second additional deposit?

Answer = the answer is the Sylvia

Because at the beginning they both have 100 dollars in their account

Then Leroi deposited 10$ per week which will become 20$ for 2 weeks and have a total of 120 dollars.

Sylvia also deposited 10% of her money which is also 10$ and on the second week will be 100 + 10% = 121, she’ll also got a total of 121$.