Question

Patti starts out on day 1 with $0.01 and doubles her money each day to create a sequence of $0.01, $0.02, $0.04, $0.08 and so on. How much money should she have on day 12 ?

A. $9.60
B. $10.24
C. $20.48
D. $40.96

Answer 1

D.40.96

Explanation:

1-.01×2=.02

2-.02×2=.04

3-.04×2=.08

4-.08×2=.16

5-.16×2=.32

6-.32×2=.64

7-.64×2=1.28

8-1.28×2=2.56

9-2.56×2=5.12

10-5.12×2=10.24

11-10.24×2=20.48

12-20.48×2=40.96