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: 71

Answer

Total saving for the first 15 day = 32767

Work Step by Step

Given The saving on first day $x_{1}$ = 1 As saving doubles next day (common ratio)(r) = 2 Total saving for the first 15 day given by summation formula $S_{n}$ = $\frac{a(1 - r^{n})}{1 - r}$ $S_{15}$ = $\frac{1(1 - 2^{15})}{1 - 2}$ = $\frac{(1 - 32768)}{1 - 2}$ = $\frac{-32767}{-1}$ = 32767
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