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Mathematics, 26.08.2021 09:50 Pen350

Donation for a Cause: You are running a foundation for street children. Mr. Juan, a rich benefactor, offers two options

for his donations:

Option A: to give Php 1,000 on day 1. Php 999 on day 2, Php 998 on day 3, with the process to end
after 1000 days.

Option B: to give Php 1 on day 1, Php 2 on day 2, Php3 on day 3, with the process to end after 1000
days.

You have to tell him today which option you want to take.

a. Which of the options result in more money for the foundation? Show your computation.

b. Which option are you going to take? Explain your choice.

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Answers: 1

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