Question

On May 1st, Jay’s mom gives him 1 cent. Each day, she pays him double the amount she paid the day before. How much money did Mike earn in total by May 15?

Answer 1

$1.83.

You start with one cent, and add two more cents after that day.

Answer 2

Answer: $1.83

Explanation:

1. Solve this problem: 1+2+4+6+8+10+12+14+16+18+20+22+24+26. There are 15 numbers for 15 days. You want to solve this because each day is doubled. For example: first day is 1 cent, second day is 2 cents, third day is 4 cents, and so on.

2. Answer is 183 cents.

3. Convert 183 cents to dollars.

4. Your answer is $1.83.

Hope it helps!