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