Miranda and the Rookie
Miracle Miranda plays for the California Hoops basketball team. After the Hoops won the WNBA championship, the manager offered her a million dollars a year for the next 25 years, whereas a new rookie for the same team was given $1 the first year, $2 the second year, $4 the third year, $8 the fourth year, and so on, for the next 25 years.
- What is Miranda's salary in year 15? What is the rookie's?
- In which year does the rookie's salary overtake Miranda's?
- At the end of 25 years, who has received the most money? How much has each one earned in all?
- What is Miranda's salary in year n? What is the rookie's?
- How much has Miranda received at the end of year n? What about the rookie?
Use a spreadsheet to help you think about the problem.
Use the submit link below to get hints and also chances to revise.