Math Problem Statement
• James invested three dollars in the Junior Stock Market on day one. The money was doubled each day for seven days. Show on a table the value of the money that was doubled for each day and write each day’s amount in exponential form. • How much money did he save over the seven-day period?
Solution
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Math Problem Analysis
Mathematical Concepts
Exponential Growth
Arithmetic Summation
Formulas
Day's amount = Initial investment * 2^n where n is the day number
Total amount = Sum of the series (Initial investment * 2^n) for n from 0 to 6
Theorems
Exponential growth in sequences
Suitable Grade Level
Grades 5-7
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