Solve
-If a Person Puts 1 Cent in a Piggy $\$ 0.30$

question 135

Multiple Choice

Solve.
-If a person puts 1 cent in a piggy bank on the first day, 2 cents on the second day, 3 cents on the third day, and so forth, how much money will be in the bank after 30 days?

• A) \(\$ 0.30\)
• B) \(\$ 2.33\)
• C) \(\$ 4.65\)
• D) \(\$ 9.30\)

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Definitions:

Capital Balances

Refers to the amount of money in a company's accounts designated for the owners or partners, reflecting their stakes in the business.

Income Ratios

Financial metrics that compare different aspects of a company's income, such as net income to sales, to assess its financial performance and profitability.

Partnership Cash

Funds or capital held by a partnership, which is a business entity owned by two or more individuals.

Death of a Partner

A situation in a partnership where one of the partners passes away, requiring the partnership to address the consequences and redistribution of the deceased partner's interest.