Multiple Choice
Suppose that you deposit into a savings account one cent on January 1, five cents on January 2, twenty five cents on January 3, and so on, quintupling the amount of your deposit each day. What is the first day that your daily deposit will exceed $10,000?
A) January 6
B) January 7
C) January 8
D) January 9
Correct Answer:
Verified
Correct Answer:
Verified
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