SOLUTION: final amount received at the end of 1 month that results from starting at 1 cent today which is doubled each day for 1 month assume to be 30 days

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Question 572650: final amount received at the end of 1 month that results from starting at 1 cent today which is doubled each day for 1 month assume to be
30 days
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
1, 2, 4, 8, etc = +2%5E%28d-1%29
where d is the day of the month
+2%5E%2830-1%29+=+2%5E29+
+2%5E29+=+536870912+ cents which is
+536870912+%2F+100+ dollars
$5,368,709.12