College Algebra (6th Edition)

Published by Pearson
ISBN 10: 0-32178-228-3
ISBN 13: 978-0-32178-228-1

Chapter 8 - Sequences, Induction, and Probability - Exercise Set 8.3 - Page 741: 72

Answer

Total saving for the first 30 day = 1,073,741,824

Work Step by Step

Given The saving on first day $x_{1}$ = 1 As saving doubles next day (common ratio)(r) = 2 Total saving given by summation formula $S_{n}$ = $\frac{a(1 - r^{n})}{1 - r}$ Total saving for the first 30 day = $S_{30}$ = $\frac{1(1 - 2^{30})}{1 - 2}$ = $\frac{(1 - 1073741824)}{1 - 2}$ = $\frac{-1073741823}{-1}$ = 1073741823
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.