Grandparents
Grandfather set aside €1,200 for savings. At the beginning of each month, he deposited €100 into the bank at an annual interest rate of 3%. At the end of the year, he had €1,219.68 in the bank. Grandma immediately deposited the entire amount of €1,200 into the bank under the same conditions as Grandpa.
a) How much did Grandma have in her account after a year?
b) Which of the grandparents had more money, and why?
Your answer:
a) How much did Grandma have in her account after a year?
b) Which of the grandparents had more money, and why?
Your answer:
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