Answer:
Total amount to be paid on 13th day is $40.96.
Explanation:
Mr. Morris pays Rob $0.01, $0.02, $0.04 ..... on 1st, 2nd , 3rd .... day respectively.
We can clearly see that the next number is becoming double of the previous value.
The above sequence of numbers are in a Geometric Progression with
First term, a = 0.01 and
Common ratio, r = 2
We have to find the total amount paid on 13th day.
We know that the
term of a GP is given by:
![a_(n) =ar^(n-1)](https://img.qammunity.org/2021/formulas/mathematics/high-school/apu0wn4l7nqv25gineclx4bgq9a887dney.png)
Where, a is the first term of GP
r is the common ratio
We have to find the
term of the GP as per question statement.
Putting the values in the formula above:
n = 13
a = 0.01 and
r = 2
![a_(13) = 0.01 * 2^(13-1)\\\Rightarrow 0.01 * 2^(12) \\\Rightarrow 0.01 * 4096\\\Rightarrow 40.96](https://img.qammunity.org/2021/formulas/mathematics/middle-school/cqtexucntclwq2cj47zcduon7immcdplsm.png)
Total amount to be paid on 13th day is $40.96.