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

Introduction , what states and marketing tasks?

what states and marketing tasks?

Calculate the investment - apr 4 percent, Suppose you start saving today fo...

Suppose you start saving today for a $55,000 down payment that you plan to make on a house in 7 years,  assume that you make no deposits into the account after the initial deposit,

Business mathematics, explain how business mathematics in an inbu;it compo...

explain how business mathematics in an inbu;it component of a payroll package

Numerical analysis and computer techniques, write a fortan programme to gen...

write a fortan programme to generate prime number between 1 to 100

Need help , understandin rates and unitrates

understandin rates and unitrates

Find the volume of ice cream cone, An ice-cream cone has a hemispherical to...

An ice-cream cone has a hemispherical top. If the height of the cone is 9 cm and base radius is 2.5 cm, find the volume of ice cream cone.

What is terminology of quadratic functions, What is Terminology of Quadrati...

What is Terminology of Quadratic Functions ? The function in x given by: F(x) = ax 2 + bx + c, where a 0 is called a quadratic function. The graph of a quadratic function is

Classical probability, Classical Probability Consider the experiment o...

Classical Probability Consider the experiment of tossing a single coin. Two outcomes are possible, viz. obtaining a head or obtaining a tail. The probability that it is a tail

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