Maths For Fun, Mathematics

Assignment Help:
Ask Suppose I offer you a loan to start a safety matchstick production unit on the following terms:

I shall first advance you Rs.50,000/- to set up your unit, and wait for 3 months so that you can buy the equipment and start production. (Assume that Rs.50,000/- is enough for this.)
After the three months are over and you have started production, I shall give you Rs.50,000/- every day, for 60 days.
In return, I ask you for very little. You shall give me one matchstick on the first day, double that (i.e.,2) on the second day, double that (i.e., 2x2=4) on the third day, and so on, for 60 days.
On the 60th day, after the transactions are over, our agreement shall end, and we shall owe each other nothing. In exchange for the huge amount of money that I will have given you, I would be satisfied with the matchsticks you will have given me in 60 days.
a) Would you accept the offer!

b) Who will gain from this deal, and by how much? #Minimum 100 words accepted#

Related Discussions:- Maths For Fun

Facts regarding linear equations, To solve out linear equations we will mak...

To solve out linear equations we will make heavy use of the following facts. 1. If a = b then a + c = b + c for any c.  All it is saying that we can add number, c, to both sides

If there are 75 students in the play how many are boys, 64% of the students...

64% of the students within the school play are boys. If there are 75 students in the play, how many are boys? To ?nd out 64% of 75, multiply 75 by the decimal equivalent of 64%

#perimeter, what are the formulas in finding the perimeter of a plane figur...

what are the formulas in finding the perimeter of a plane figure?

Classifying critical points, Classifying critical points : Let's classify ...

Classifying critical points : Let's classify critical points as relative maximums, relative minimums or neither minimums or maximums. Fermat's Theorem told us that all relative

Ann, What was last years salary if after a 3% increase the salary is 35,020...

What was last years salary if after a 3% increase the salary is 35,020?

Finding the equation of a line, Finding the Equation of a line, Given a Slo...

Finding the Equation of a line, Given a Slope and a Point ? Find the equation of a line with slope m = 2, which passes through the point (-1, -3). Solution: Use the po

Comercial maths, solve a trader purchases coffee at the rate of Rs. 350 per...

solve a trader purchases coffee at the rate of Rs. 350 per kg and mixes it with chicory bought at the rate of Rs.750 per kg in the ratio 5:2.If he sells the mixture at the rate of

Marketing management , Draw the typical profile(s) of Shoppers'' Stop custo...

Draw the typical profile(s) of Shoppers'' Stop customers segments.

Algegra, what''s the main purpose of algebra in our daily life

what''s the main purpose of algebra in our daily life

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd