You are walking along and you find a brass bottle that looks really, really old. There appears to be some writing on the bottle! You try to clean off some dirt to read it better. A genie appears! He is so happy to be free. He wants to repay you. He offers two ways to repay you and you must choose one:
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He will give you $50,000;
or
He will give you one magical $1 coin. The magic coin will turn into 2 coins on the first day. The 2 coins will turn into 4 coins on the second day. On the third day, the 4 coins will magically turn into 8 coins. The genie explains that the magic coins will continue this pattern for 28 days.
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Please answer three questions:
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1. Which option would you choose? Why? Support your answer with numbers and evidence.
2. How is this problem relevant to math you studied this year?
3. How is this problem relevant to the coronavirus situation?