A student decides she wants to save money to buy a used car, which costs $2600.She comes upwith what she thinks is a very modest savings plan. She decides to save 2 cents the first day anddouble the amount she saves each day thereafter. On the second day she plans to save 4 cents, onthe third day, 8 cents, and so on. (a)Write an expression that represents the amount savedon dayn;(b)Write an expression that represents the total amount savedby dayn (including day n);(c)Determine how long it will take her to save enough money to buy the car (The answermay surprise you!)

total cost to be saved is $2600. Her saving pattern is 2, 4, 8,…

a) The pattern of her saving is in geometric sequence. i.e. a=2, r=4/2=2 0r 8/4=2 ( a = First term, r = common ratio) so, expression for amount saved on day (n) = t(n) = ar^(n-1), where: a = first day of saving r = common ration n = number of day

b) Expression that represents the total amount saved by day (n) (including day n) = S = a(r^n-1)/r-1 where: S = sum of amount saved a = first day of saving r = common ration n = number of day

c) To buy the car, she needs at least $2600 which is equal 260000 cents.  S = a(r^n-1)/r-1 = 260000 = 2(2^n-1)/r-1 = 260000/2 = 2^n-1/2-1 = 130000 = 2n^-1 = 130000+1 = 2^n = 130001 = 2^n = n = ln(130001)/ln(2) = n = 16.988

So… for n to satisfy the least value of 130001 cents, n should be at least 17 Therefore it will take at least 17 days for her to save enough money to buy a car

Step-by-step explanation:

total = principal × ( 1 + rate ) ^ years

total = 600 * (1.04)^5

total = 729.99

answer is c

step-by-step explanation:

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