Originally Posted by
Alan Shore
Suppose instead that Jugs had worked 10 hours in both weeks, banked one hour at $10 the first week and withdrew it the second week at $20. At that point, her total earnings would have been $310.
BTW, I'm thinking that Jugs would get better tips than Cherry any day!!
Your comment is the thrust of the argument. Either you or I misunderstand the bank (or maybe both). There is no rate at which you bank an hour. It doesn't have a price. An hour of work is just an hour of work...and you bank hours, not money. Your "what-if" is precisely what Jugs did in MY scenario, so I do not understand how you get Jugs to $310 (other than throwing her a ten-spot).
I suspect green slips and vacation-buying complicate the math, but MikeF16's claim of 40% gains on basic banking from year one to two is (I believe) fuzzy math.