When Esteban left for college, his parents decided to give him an allowance of $100 every 4 weeks. They told Esteban that he could decide how he wanted raises to his allowance determined.
Choice #1 - A raise of $10 every 4 weeks
Choice #2 - A raise of $1.50 each week
What choice should Esteban pick?
Choice 1:
Choice #1 - A raise of $10 every 4 weeks
Choice #2 - A raise of $1.50 each week
What choice should Esteban pick?
Choice 1:
- First 4 weeks = $100
- Weeks 5 - 8 = $110
- Weeks -9-12 = $120
- Total = $330
- 1st week = $25
- 2nd week = $26.50
- 3rd week = $28
- 4th week - $29.50
- 5th week = $31.00
- 6th week = $32.50
- 7th week = $34.00
- 8th week = $35.50
- 9th week = $37.00
- 10th week = $38.50
- 11th week = $40.00
- 12th week = $41.50
- Total = $399