The pay of the person is
penny for first day,
pennies for second day and
pennies for third day and so on.
Hence the sequence of the pay is
.
Find whether the sequence is arithmetic or not.
\Find the common difference of first two terms.
\
Find the common difference of second and third terms.
\
Since
, the sequence is a not arithmetic sequence.
Find the common ratio of first two terms.
\
.
Find the common difference of second and third terms.
\
.
Since
, the sequence is a geometric sequence.
There are
working days.
Find the total amount paid for
working days.
Find the sum of
terms in the sequence.
Formula for sum of
terms in the geometric sequence is
.
Substitute
,
and
.

Hence for
working days, the amount paid to the person is
pennies.
Conversion formula:
.
The amount paid to the person is
.
Find the amount paid on
nd working day.
Formula for
term in the geometric sequence is
.
Substitute
,
and
.

Hence on
nd working day, the amount paid to the person is
pennies.
Conversion formula:
.
The amount paid to the person on
nd working day is
.
The risk of the running this offer is that if the person misses a day of work then they will be huge loss in the pay of the person.
\No, the person would not like to take this offer.
\The amount paid to the person for
working days is
.
The amount paid to the person on
nd working day is
.
The risk of the running this offer is that if the person misses a day of work then they will be huge loss in the pay of the person.
\No, the person would not like to take this offer.