SOLUTION: Problem :
Congratulations you've just won the lottery
To collect your winnings you must choose between two payment options
Option 1: you receive $1,000,000 everyday for 30 day
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Question 1063015: Problem :
Congratulations you've just won the lottery
To collect your winnings you must choose between two payment options
Option 1: you receive $1,000,000 everyday for 30 days
Option 2: you receive $0.01 but then double your money each day for 30 days
How much money will option 2 give you ?
Answer by ikleyn(52756) (Show Source): You can put this solution on YOUR website!
.
Option 1 gives $30,000,000.00.
Option 2 gives = $21,474,836.47.
Check, compare and make a decision.
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