SOLUTION: The total number of dollars you would have received if you had received 1 dollar on your first birthday, 2 on your second birthday 4 on your third birthday and continued doubling t

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Question 515406: The total number of dollars you would have received if you had received 1 dollar on your first birthday, 2 on your second birthday 4 on your third birthday and continued doubling the dollars on each birthday till your 18.
What would you get? And how would you get it?

Answer by mucklef(9) About Me  (Show Source):
You can put this solution on YOUR website!
This here is simple math. I do not know your math level, but when you get to more advanced classes such as geometry or Adv. Algebra (Algebra 2), they will give you a simpler way to solve these types of questions. However, I'll just go over the basics.

So, your first year, you get one dollar.
$1
Your 2nd, you get two.
$1 + $2
Your 3rd you get four.
$1 + $2 + $4
Your 4th you get eight.
$1 + $2 + $4 + $8
Your 5th you get sixteen.
$1 + $2 + $4 + $8 + $16
Your 6th, you get thirty- two.
$1 + $2 + $4 + $8 + $16 + $32
7th: $64
$1 + $2 + $4 + $8 + $16 + $32 + $64
8th: $128
$1 + $2 + $4 + $8 + $16 + $32 + $64 + $128
And you continue doubling the numbers until you get to your 18th year.
In total, the answer is $131,072. [Lots of money ;)]