Question

If every day I make 2 dollars and every time I reach 50 dollars it adds 25 cents to my daily income how many days will it take for my income to reach 50 dollars

Answer 1

9514 1404 393

Answer:

659

Explanation:

We assume the daily rate increases at each multiple of $50. When the balance reaches $50 on day 25, the pay on day 26 is $2.25.

Similarly, when the balance reaches 9628.75 on day 658, the pay will be $50 on day 659.

__

I found this easiest to solve using a computer program. A spreadsheet can do it by computing the number of days between raises. This is shown in the attachment.