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21 May, 12:47

Suppose that you won the top prize from a game show and are given two options. The first option is a cash gift of $10,000 and $1,000 per day for the next 7 days. The second option is a cash gift of 1 cent (or $0.01) that grows tenfold each day for 7 days. Which option would you choose?

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  1. 21 May, 14:06
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    Answer: The second option.

    Step-by-step explanation:

    By the end of the 7 days you will have collected $100,000 but if you choose the first option you'd only end up with $17,000.
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