Question

Really need help!! I will fan and medal :)

Answer 1

A student's parents offer him one of two options to receive scholarship money for college.

Option A: Deposit $40,000.00 into his savings account and then add an additional $250.00 each day for 30 days

or

Option B: Deposit $1.00 into his savings account and then double that amount each day for only 16 days

When rounded to the nearest cent, how much money is deposited into his savings account on the last day (day 30) for Option A, and how much is deposited into his savings account on the last day (day 16) for Option B? If the student keeps only what is deposited on the last day, which option should he choose?

Answer 2

Option B: on second day the account will have $2, just raise that to the remaining day's pwer.

Answer 3

Thank you!!

Answer 4

Wait so which one is it lol sorry

Answer 5

Either A or C..

Answer 6

Keep in mind he only keeps what's deposited on the last day...

Answer 7

So you don't need to do more that what I said.

Answer 8

Because the exponent will just give you the deposit on the last day.

Answer 9

Oh I see, thank you lots :)