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2499.3. Geometric progression

Imagine that because of a successful coincidence you win the lottery. Amount is not excessive, just 2500 euros, however, you decide to deposit it in the bank. It is your choice where to deposit these funds. Since you do not want to wait for a long time, you decide to choose between two banks - the one where every month deposited amount will be increased by 5% (here you would deposit for 3 months) and the other where every month the amount will be increased by 3% (here you would deposit for 5 months). For calculations use geometrical progression!

Write the correct answer!

What sum will you get after 3 months from the first bank? (Round the amount mathematically to a whole euros)
What sum will you get after 5 months from the second bank? (Round the amount mathematically to a whole euros)

Check the correct answer!

In which bank You will obtain more money, in first - in three months time or in second - 5 months time?

What is the difference between the percentage obtained in addition to the amounts received (that is not including the 2500 euro) in the first bank in the first month and the second bank in the first month?
Grade:
9
Subject
Algebra
Theme
Numerical chain
Subtheme
Geometric progression

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