**MEDAL WILL BE GIVEN**

"I'll give you a penny today and double your pay every day for 30 days if you'll work for me."
(I have found out that by day 30, the amount earned is $1,497,515,546.40.) Please help me answer these couple of questions, I would GREATLY appreciate it.

-What is the balance after day 30?
-What is the interest rate and number of periods?

Question

**MEDAL WILL BE GIVEN**

"I'll give you a penny today and double your pay every day for 30 days if you'll work for me."
(I have found out that by day 30, the amount earned is $1,497,515,546.40.) Please help me answer these couple of questions, I would GREATLY appreciate it.

-What is the balance after day 30?
-What is the interest rate and number of periods?

anonymous · Answer

1, 2, 4, 8, 16, 32, 64, $1.28, $2.56, $5.12, $10.24, $20.48, $40.96, $81.92, $163.84, $327.68, $655.36, $1310.72, $2621.44, $5,242.88, $10,485.76, $ 20,971.52, $41,943.04, $83,886.08, $167,721.16, $335,544.32, $671,088.64, $1,342,177.28,$2,684,354.56, $ 5,368,709.12 
TOTAL = ? ADD IT  UP.
it MAY be wrong sorry I tried.

anonymous · Answer

Can you tell me how you got that? @Prosper2win Basically like, how did you go from $1.28 to $2.56 to $5.12 and so on?

anonymous · Answer

he just kept doubling the amount till he doubled it 30 times

anonymous · Answer

yes monstermonkey is right.

anonymous · Answer

alright, thanks.

anonymous · Answer

yur welcome