document.write( "Question 726849: Joey saved $2 today. If he doubles the number of dollars he saves each day, how many days, including today, will it take him to save more than $500? \n" ); document.write( "
Algebra.Com's Answer #444896 by fcabanski(1391)\"\" \"About 
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This is a geometric sequence with a factor of 2: 2, 4, 8, 16...


\n" ); document.write( "The sum of a geometric series is \"a%281%29%2A+%281-r%5En%29%2F%281-r%29\" where a(1) is the first term, r is the common factor, and n is the nth term (the number of the term that = the sum). Set this = 500 and solve for n. The n needed (the numbered term) will be greater than that n.


\n" ); document.write( "a(1) = 2 and r=2. The desired sum is 500.
\n" ); document.write( "\"500+=+2%2A%281-2%5En%29%2F%281-2%29+\"


\n" ); document.write( "\"-500+=+2%281-2%5En%29\"


\n" ); document.write( "\"-250+=+1-2%5En\"


\n" ); document.write( "\"2%5En+=+251\"


\n" ); document.write( "Recall that \"x%5En=y\" when log (base x)y = n so log(base 2) 251 = n = approx. 7.97


\n" ); document.write( "Therefore the sum of the first 7.97 terms is 500, so the sum exceeds 500 with the 8th term or 8th day.


\n" ); document.write( "You could have also solved this by writing out the amount he saved each day, and adding: 2, 4, 8, 16, 32, 64, 128, 256 (the sum is $510, which exceeds $500 on the 8th day.)
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