SOLUTION: if a penny is put into a savings account on day one and 2 pennies on day two and so forth until day 100, how much money would be there on day 100? what is the equation for this? T

Question 355160: if a penny is put into a savings account on day one and 2 pennies on day two and so forth until day 100, how much money would be there on day 100? what is the equation for this?
Thanks
Found 2 solutions by Fombitz, ewatrrr:
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!

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That's a lot of pennies.

Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
Hi,
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*Note: this method of savings describes an arithmetic sequence:
{1,2,3,..100}
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Sum of n terms of an arithmetic sequence is:

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50*101 = 5050 pennies
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$50.50
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