SOLUTION: Michael saved $50 in January.Suppose he saved twice the amount he saved the previous month.How Much would he save at the end of one year?

Algebra ->  Sequences-and-series -> SOLUTION: Michael saved $50 in January.Suppose he saved twice the amount he saved the previous month.How Much would he save at the end of one year?      Log On


   

Question 1041917: Michael saved $50 in January.Suppose he saved twice the amount he saved the previous month.How
Much would he save at the end of one year?
Answer by jorel555(1290) About Me  (Show Source):
You can put this solution on YOUR website!
1+2+4+8+16...+2^n=(2^n)-1
50x((2^12)-1)==$204750 saved. ☺☺☺☺