Anita had $400 in her savings account when she went to college. Her parents will add $200 to her account each month.

Miguel had $25 in his savings account. His parents will double the amount in his account each month.

If Anita and Miguel do not take any money from their accounts, whose account will grow faster? Explain why.

Question

Mathematics

Fabian

27 June, 01:40

Anita had $400 in her savings account when she went to college. Her parents will add $200 to her account each month.

Miguel had $25 in his savings account. His parents will double the amount in his account each month.

If Anita and Miguel do not take any money from their accounts, whose account will grow faster? Explain why.

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Answers (1)

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Xavier Thompson · Answer 1

Anita's account had linear growth

Miguel's account had exponential growth.

Miguel's account grew faster because exponential growth is faster than linear growth