Compound Interest Stumper

A property owner was going away on business for three weeks and wanted to hire a person to care for the property. Two people applied for the job. The first person wanted to be paid $100 per day. The second person wanted a penny the first day, two cents the second day, four cents the third day, and so on, doubling every day for three weeks. which person should the property owner hire? Explain your choice.

 

We will post answer tomorrow!!!

One thought on “Compound Interest Stumper

  1. HFHS Post author

    Well the first guy applying wants 2100 dollars for the 3 week. The second guy the was applying wanted 1,046,035,320 dollars… which would you choose?

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