Question

If you were offered a job for 30 days
starting at $0.01 the first day,
$0.02 the second day,
$0.04 the third day
and it doubled every day
like that for thirty days.

Would you take the Job and why?

Answer 1

Would depend on the job (there are things more important than money) but probably yes.
The total job would net you over 10.7 million dollars.

Answer 2

Day 1=0.01
Day 2=0.02
Day 3=0.04
This is geometric progression with r=2

So

Sn= G1(r^n-1)/r-1

Where G1= 0.01$ and r =2

S30 = 0.01 (2^30 -1)/2-1
= 0.01 (2^30 -1)
= 10737418.23

That means my monthly salary is $ 10737418.23

I will take the job.... provided that it is not illegal job