Help me, please!! If you had a nickel (.05 or five cents) that earned 100 percent interest each day or doubled in value each day. How much would you have after 10 days?

Step-by-step explanation:

If the initial amount of nickel is doubling in value each day, it means that the amount of nickel is increasing in geometric progression. The formula for determining the nth term of a geometric sequence is expressed as

Tn = ar^(n - 1)

Where

n represents the common ratio

a represents the first term of the sequence (initial amount)

n represents number of terms in the sequence (days)

r represents common ratio between consecutive terms(days)

From the information given,

r = 2

n = 10

a = 0.05

Therefore, for 10days, T10

T10 = 0.05 × 2^(10 - 1)

T10 = 0.05 × 2^9

T10 = 25.6