Read the riddle and find a favorable answer.
You want to hire a temporary employee for 11 days.
You offer him $11 as wages to be paid on 11th day, but the employee suggests an alternative so that he gets paid daily.
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 11 day’s term is over.
Ignoring the legalities of such a situation, would it be a good idea to accept the potential employee\’s proposal?
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It is better to pay him $11 or a dollar a day rather than accepting his proposal.
Because by his method you would wind up paying around double the same amount.
As per his suggestion this is how the payments will go;