Answer:
$ 10,737,418.23
Explanation:
Given:
Amount paid on the first day = $ 0.02
Amount paid on the Second day = $ 0.04
Amount paid on the third day = $ 0.08
number of days, n = 29
also,
the wages is doubling daily
therefore,
The total of the wages for 29 days will be = $ 0.02 + $ 0.04 + $ 0.08 + ....
or we can form the relation as
= $ 0.02 × ( 2⁰ + 2¹ + 2² + 2³ + ........ )
or
= [tex]\sum_{k=0}^{29}2^n[/tex]
or
= [tex]0.01\times(2^{n+1}-1)[/tex]
or
= [tex]0.01\times(2^{29+1}-1)[/tex]
or
= $ 10,737,418.23
