Question

You are offered a 30--day trial period at your dream job. However, the owner of the company is a little unusual so the pay options are non-traditional. They offer you two different pay options for the 30 days:

Option 1: You make $60,000 per day.
Option 2: You make 1 penny the first day, 2 pennies the second day, 4 pennies the third day, 8 pennies the fourth day, etc.
Which is $5,368,709.12 after 30 days of working.

Answer 1

The question is not complete but from the flow of thought, the question seems to be about what your choice will be between option 1 and option 2.

The correct answer is

option 2

Explanation:

The question is asking you to choose an option that pays more after 30 days. In other to determine the more beneficial option, we will compare both options and select the one that pays more. This is done as follows:

option 1: $60,000 per day, after 30 days =

60,000 × 30 = $1,800,000

option 2 = $5,368,709.12 after 30 days

From the total amounts after 30 days of the two options listed above, option 2 is higher than option 1 by $3,568,709. Therefore, option 2 is a better choice.