When a child is born, her grandfather decides to put $100 in an account that earns interest. He plans to make no other deposits or withdrawals for 18 years. When the child turns 18 years old, the money in the account will be a birthday gift. The grandfather is choosing between two options: Option 1: An account that grows by 10.5% each year. Option 2: An account that grows by $20 each year. Which option will result in a better 18th birthday gift? Explain your reasoning.
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
When a child is born, her grandfather decides to put $100 in an account that earns interest. He plans to make no other deposits or withdrawals for 18 years. When the child turns 18 years old, the money in the account will be a birthday gift. The grandfather is choosing between two options: Option 1: An account that grows by 10.5% each year. Option 2: An account that grows by $20 each year. Which option will result in a better 18th birthday gift? Explain your reasoning.
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