You are running a foundation for street children. Ms. Saavedra, a rich benefactor, offers two options for her donations: Option 1: To give Php 1000 on day 1, Php 999 on day 2, Php 998, on day 3, with the process to end after 1000 days. Option 2: To give Php 1 on day 1, Php 2 on day 2, Php 4 on day 3, for 1000 days. You have to tell her which option you want to take. a. Which of the two options results more money for the foundation? Show your computations as proof.
You are running a foundation for street children. Ms. Saavedra, a rich benefactor, offers two options for her donations: Option 1: To give Php 1000 on day 1, Php 999 on day 2, Php 998, on day 3, with the process to end after 1000 days. Option 2: To give Php 1 on day 1, Php 2 on day 2, Php 4 on day 3, for 1000 days. You have to tell her which option you want to take. a. Which of the two options results more money for the foundation? Show your computations as proof.
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter9: Counting And Probability
Section: Chapter Questions
Problem 4T: Over the past year, John has purchased 30 books. In how many ways can he pick four of these books...
Related questions
Question
. You are running a foundation for street children. Ms. Saavedra, a rich benefactor, offers two options for her donations:
Option 1: To give Php 1000 on day 1, Php 999 on day 2, Php 998, on day 3, with the process to end after 1000 days.
Option 2: To give Php 1 on day 1, Php 2 on day 2, Php 4 on day 3, for 1000 days.
You have to tell her which option you want to take.
a. Which of the two options results more money for the foundation? Show your computations as proof.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell
Intermediate Algebra
Algebra
ISBN:
9781285195728
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning