Question

A lottery winner must decide between two methods of payment. Choice one is to receive a lump sum of $100,000,000. Choice two is to begin with one cent on day 1, five cents on day 2, 25 cents on day three, and so on until the end of 16 days.

Part 1: Which choice should the lottery winner select?

Part 2: Using complete sentences, explain the procedure taken to answer this question.

Answer 1

@precal

Answer 2

classic problem
so state your formula
and show me your sequence

Answer 3

alright so would my formula be a geometric sequence one?

Answer 4

@precal