| Some children receive a weekly allowance. The amount of this allowance often depends on your age, and sometimes is dependent on whether or not you/ve completed your chores. Here are two proposals that a child made to his parents. Which would you prefer? and which would your parents prefer? If you save all of the money that you receive, how much would you have by the end of the year with each plan?
PLAN A: $15 per month for one year PLAN B: 1 cent on the first week, 2 cents on the second week, 4 cents on the third week, 8 cents on the fourth week, 16 cents on the fifth week and so on for one year. |