Based on the amount that each entity donates every month, the month that HBM Corporation will surpass Gades Foundation is the 6th month.
When will HBM Corporation surpass The Gades Foundation?
Find the Gades Foundation cumulative donations up to month 7:
Month Donation Cumulative
1 250 250
2 100 350
3 100 450
4 100 550
5 100 650
6 100 750
7 100 850
HRM Cumulative donations up to month 7:
Month Donation Cumulative
1 64 64
2 48 112
3 84 196
4 147 343
5 257 600
6 450 1,050
7 787.50 1,837.50
The donations are calculated as:
Month 2:
= 64 x (75%)
= $48
Month 3:
= 48 x ( 1 + 75%)
= $84
We see that from the above, HBM Corporation surpassed the Gades Foundation in Month 6.
Find out more on the importance of donations at https://brainly.com/question/18439078.
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