Congratulations! You won a contest sponsored by a local radio station. If you were given the choice of the two payment plans listed below, w

Question

Congratulations! You won a contest sponsored by a local radio station. If you were given the choice of the two payment plans listed below, which plan will pay you more? How much more? Be sure to show all evidence including formulas used for calculations.

A. $1 on the first day, $2 on the second day $3 on the third day etc. for 4 weeks.

B. $0.01 on the first day , $0.02 on the second day , $0.04 on the third day etc.. For 4 weeks.

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Doris 3 years 2021-07-15T23:57:18+00:00 1 Answers 61 views 0

Answers ( )

  1. nguyetanh
    0
    2021-07-15T23:59:02+00:00
    Reply

    option a would only give you
    a few hundred, but option a would give you double of the day before, meaning you make a penny the first day then 2 pennies then 4 pennies,.08,.16,.32,.64,1.28,2.56,5.12,10.24,20.48,40.96,81.92,163.84,327.68,655.36,1310.72,2621.44,5242.88,10485.76,20971.52,41943.04,83886.08,167772.16,3355444.32, etc etc

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