Bruce Agrees to Go to Work for Jim at a Rate

question 31

Multiple Choice

Bruce agrees to go to work for Jim at a rate of 1¢ for the first day, 2¢ for the second day, 4¢ for the third day, 8¢ for the fourth day, and so on. What will Bruce's daily pay be on day 14, and how much total wages will he have
Earned at the end of that day?

• A) Pay on day \(14 = \$ 81.92\); Total pay through day \(14 = \$ 81.91\)
• B) Pay on day \(14 = \$ 163.84\); Total pay through day \(14 = \$ 163.83\)
• C) Pay on day \(14 = \$ 163.84\); Total pay through day \(14 = \$ 81.91\)
• D) Pay on day \(14 = \$ 81.92\); Total pay through day \(14 = \$ 163.83\)

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Definitions:

Insurance Policy

A contract between an insurer and a policyholder that defines the terms under which the insurer agrees to indemnify the policyholder against losses, damages, or liabilities arising from certain events.

Estimable Credit Company

A reputable financial organization known for providing reliable credit services to its customers.

Fire Insurance Policy

A contract between an insurer and policyholder that provides financial protection against losses or damage due to fire.

Unoccupied

Referring to a place or dwelling that is not currently being lived in or used.