A school library charges a fine of 5 cents on the first day a book is overdue, then doubles the amount owed each day until payment is made. Jada and Juan each had a book that was overdue. Juan returned his book on the 5th day it was overdue. Jada paid a fine that was $2.40 more than Juan’s fine.
Which statement about the overdue books is true?
Jada’s book was overdue by 1 more day than Juan’s book.
Jada’s book was overdue by 2 more days than Juan’s book.
Jada’s book was overdue by 24 more days than Juan’s book.
Jada’s book was overdue by 48 more days than Juan’s book.