I'm posting one puzzle, riddle, math, or statistical problem a day. Try to answer each one and post your answers in the comments section. I'll post the answer the next day. Even if you have the same answer as someone else, feel free to put up your answer, too!
Wednesday, April 07, 2010
Temp Hire for Pennies
You want to hire a temporary employee for one month. You offer him reasonable wages, but the employee suggests an alternative. For the first day of work, he will be paid a penny. For the second day, two pennies. For the third day, four pennies. The salary for each subsequent day will be double the previous day's, until the one month term is over. Ignoring the legalities of such a situation, would it be a good idea to accept the potential employee's proposal?