A person opens an account with 50 and starts depositing every day double the amount he has deposited on the previous day. Then find the amount he has deposited on the 10th day from the beginning.
A
25000
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B
25600
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C
28500
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D
26500
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Solution
The correct option is A 25600 The given situation is a Geometric Progression, with first terms a=50 and common ratio r=2 For a GP, the nth term is given by Tn=arn−1 So, amount deposited on the 10th day =T10=ar10−1=50×29=50×512=25,600