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:
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
Total amount to be paid on 13th day is $40.96.