A community for students.
Here's the question you clicked on:
 0 viewing
starrhunter
 2 years ago
A lottery winner must decide between two methods of payment. Choice one is to receive a lump sum of $100,000,000. Choice two is to begin with one cent on day 1, three cents on day 2, nine cents on day three, and so on until the end of 22 days. Which choice should the lottery winner select? Using complete sentences, explain the procedure taken to answer this question.
starrhunter
 2 years ago
A lottery winner must decide between two methods of payment. Choice one is to receive a lump sum of $100,000,000. Choice two is to begin with one cent on day 1, three cents on day 2, nine cents on day three, and so on until the end of 22 days. Which choice should the lottery winner select? Using complete sentences, explain the procedure taken to answer this question.

This Question is Closed

Gorge
 2 years ago
Best ResponseYou've already chosen the best response.1He wants the The second choice because you are multiplying by three i believe.

starrhunter
 2 years ago
Best ResponseYou've already chosen the best response.0But how would i figure out the process? How do you know the second one is better?

Gorge
 2 years ago
Best ResponseYou've already chosen the best response.1Because when you go inHe is getting one cent on the first day multiply that by 3 and you get three cents. multiply that by 3 ND YOU GET 9 CENTS on the second day. The process is your multiplying the amount of money you got on the day before by 3. And eventually it adds up more then 100,000,000. So he would be getting more money going with the second choice

starrhunter
 2 years ago
Best ResponseYou've already chosen the best response.0But wouldn't I have to move the decimal place over one since pennies are not the same value as dollars?

Gorge
 2 years ago
Best ResponseYou've already chosen the best response.1Idk i thought what i was doing was making since but since you said that i have no idea...

starrhunter
 2 years ago
Best ResponseYou've already chosen the best response.0It does make sense. But it's so confusing >.< Thanks for the help!
Ask your own question
Sign UpFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.