You are walking along a beach and your toe hits something hard You reach down,...
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You are walking along a beach and your toe hits something hard You reach down, grabonto a handle, and pull out a lamp! It is sandy. You start to brush it off with your towelPoof! A genie appears.He tells you, "Thank you for freeing me from that bottle! I was getting claustrophobic. Youcan choose one of these purses as a reward." Purse A which contains $1,000 today. If you leave it alone, it will contain $1,200tomorrow (by magic). The next day, it will have $1,400. This pattern of $200 additionaldollars per day will continue. Purse B which contains 1 penny today. Leave that penny in there, because tomorrowit will (magically) turn into 2 pennies. The next day, there will be 4 pennies. Theamount in the purse will continue to double each day.1. How much money will be in each purse after a week? After two weeks?
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