Question

You can choose a prize of either a $20,000 car or one penny on the first day, double that (2 cents) on the second day, and so on for a month. On what day would you receive more than the value of the car?

*Please show your work or explain your steps, thank you *

Answer 1

Answer: Day 15

Step-by-step explanation: we can use this simple equation of 1*2^x you can try and plug in any number.

1*2^14=16,384 so we know on day 15 the value will be double this around $33,000.

So, on day 15 it will surpass the value of the car.