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If Katie paid Tasha $0.01 on the first day of a 31 day month and doubled the amount everyday throughout the month, how much money would Tasha receive from Katie on the last day of the month?

Use the formula 2n-1 (0.01) (where n=number of days)

a)
$21,474,836.48


b)
$10,737,418.24


c)
$655.36


d)
$5,368,709.12

1 Answer

1 vote
The correct answer is B
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