Question

You are given two offers for a monthly wage. Option A is to be paid one cent on the first day of the month, with your wages doubling each day (2 cents on day 2, 4 cents on day 3, 8 cents on day 4, etc.) for the rest of this 30 day month. Option B is to be paid $1 on the first day of the month, with your wages increasing $100 each day ($101 on day 2, $201 on day 3, $301 on day 4, etc.). Which option will give you more money by the end of the month? Make sure to support your answer. Also remember to find the equations for the exponential function and the linear function. Substitute 30 in for x and simplify.

Answer 1

Answer: A is the correct answer

Explanation:

Its a because the amount keeps doubling so you will start with =

.1 then go too .2 (which is double .1)

then after .2 you will get .4( which is double .2 i will show you the graph.

.1, .2, .4, .8, 1.6, 3.2, 6.4 etc. Then when you get to day 30 you will have

53.687 million dollars, buy the end of them month, you'd be a millionaire.

Answer 2

Explanation:

Option B

Because if you start with one dollar and by day 3 you get 301 dollars and option A only gives you 8 cents on day 3 you get more money by the end of the month if you choose option B.