BuyFind

Single Variable Calculus: Concepts...

4th Edition
James Stewart
Publisher: Cengage Learning
ISBN: 9781337687805
BuyFind

Single Variable Calculus: Concepts...

4th Edition
James Stewart
Publisher: Cengage Learning
ISBN: 9781337687805

Solutions

Chapter 1.5, Problem 24E
To determine

To find: The preferred methods of payment for the offered job from given options I and II.

Expert Solution

Answer to Problem 24E

Option II is preferred for the methods of payment.

Explanation of Solution

Reason:

If Option II is preferred, then it has the following reason to select.

The less number of days for the month in a year is February. So choose the month February for convenience. It has 28days (not a leap year).

The last day of the February month to be get paid is 28.

Given that 2n1 cents at the end of n days.

Substitute n=28 in equation(1)

2n1=2281=227=134,217,728 cents

That is, $1,342,177.28 per month. Therefore, the payment of option II is get more paid than the payment of option I.

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