SOLUTION: If you save one penny on January 1, two pennies on January 2, three pennies on January 3, and continue this pattern for one year(not a leap year), what will be the value of your en

Algebra ->  Functions -> SOLUTION: If you save one penny on January 1, two pennies on January 2, three pennies on January 3, and continue this pattern for one year(not a leap year), what will be the value of your en      Log On


   



Question 955249: If you save one penny on January 1, two pennies on January 2, three pennies on January 3, and continue this pattern for one year(not a leap year), what will be the value of your entire savings, in dollars, at the end of that one year? Express your answer as a decimal.
Please help me, thank you.

Answer by macston(5194) About Me  (Show Source):
You can put this solution on YOUR website!
S=sum of the series; n=number of terms in the series=365;
S=n%28n%2B1%29%2F2
S=365%28366%29%2F2
S=66795
ANSWER: The value at the end of year will be $667.95