Answer:
They earn $256 on the ninth day of school.
Step-by-step explanation:
A geometric sequence(in which each term is the previous term multiplied by the ratio) has the following format:
[tex]a_{n+1} = r \times a_{n}[/tex]
In which r is the common ratio.
We can also find the nth term as a function of the first term, by the following equation:
[tex]a_{n} = a_{1} \times r^{n}[/tex]
In which
[tex]r = \frac{a_{n+1}}{a_{n}}[/tex]
In this question:
On the first day, $0.50. So [tex]a_{1} = 0.5[/tex].
Day two $1.00, day three $2.00.
So
[tex]r = \frac{1}{0.5} = \frac{2}{1} = 2[/tex]
Then
[tex]a_{n} = 0.5 \times 2^{n}[/tex]
How much do students earn on the ninth day of school?
[tex]a_{9} = 0.5 \times 2^{9} = 256[/tex]
They earn $256 on the ninth day of school.