Precalculus: Mathematics for Calculus, 7th Edition

Published by Brooks Cole
ISBN 10: 1305071751
ISBN 13: 978-1-30507-175-9

Chapter 4 - Section 4.1 - Exponential Functions - 4.1 Exercises - Page 338: 65

Answer

(b) is more profitable

Work Step by Step

Assuming that the month has 30 days, one can calculate $2^{30}$ which will equal 1,073,741,824 cents. To convert it to dollars, divide it by 100, it'll give 10,737,418.24 dollars which is way more than a million dollars.
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