A student is offered a 6-week summer job and is asked to select one of the following

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A student is offered a 6-week summer job and is asked to select one of the following salary options.

Option 1: $5000 for the first day with a $10,000 raise each day for the remaining 29 days (that is, $15,000 for day 2, $25,000 for day 3, and so on)

Option 2: $0.01 for the first day with the pay doubled each day (that is, $0.02 for day 2, $0.04 for day 3, and so on)

Which option has a greater total salary?

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Related Book For answer-question

College Algebra

ISBN: 978-0134697024

12th edition

Authors: Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels

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Question Posted: Apr 13, 2019 05:40 AM

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A student is offered a 6-week summer job and is asked to select one of the following

Question:

Step by Step Answer:

Option 1 is modeled by the arithmetic sequence a 500010000 n1 with the following sum S 2a ...View the full answer

College Algebra

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