Question

An uncle would like to help you out financially. He gives you these two options.
Option 1: During a period of 12 days, he will give you $2.50 the first day, give you double that the second day, give you double the second on the third day and so on.
Option 2: He will give you $2,000.
Which option would give you more money, 1 or 2?


1

2

Answer 1

lol come on this is basic

Answer 2

for option 1,
on the twelfth day you'd get \[$2.50\times2^{12}\]