how do you find the interest when you only have money and time?

Question

The supervisor at the first job says, i'll give you a million dollars today if you work for me for 30 days.

the supervisor at the second job says, i'll give you a peey today and double your pay every day for 30 days if you work for me.,

which job would pay more?

use a table to solve the problem

what is the balance for the second option after 30 days?

what is the interest rate and number of periods for the second option?

what would be correct equation using balance for compound interest formula?

Answer 1

take job 2...pae dubel evree dae

pae on dae 30=2^29 penees

sum av pae on all prior daes add up tu 1 penee < pae on dae 30

2^29=536,870,912 penees=5,368,709.12 $

sum av pae=28,823,037.23$

thats more than 1 milyun $

Answer 2

how would you find the interest you make for 30 days on 5,368,709.12