A farmer produced 70 million oranges and want to sale them all within 7 months...

A farmer produced 70 million oranges and want to sale them all within 7 months timeframe.

Month 1, about 10million oranges are expected to be sold at price of $0.01 each.

Month 2, about 10million oranges are expected to be sold at price of $0.02 each.

Month 3, about 10million oranges are expected to be sold at price of $0.04 each.

Month 4, about 10million oranges are expected to be sold at price of $0.08 each.

Month 5, about 10million oranges are expected to be sold at price of $0.16 each.

Month 6, about 10million oranges are expected to be sold at price of $0.32 each

Month 7, about 10 million oranges are expected to be sold at price of $0.64 each

We are only 5000 investors buying these oranges at a flat contribution.

•How much money are the 5000 buyers expected to contribute each?

•How many oranges will the 5000 buyers recieve each?

•How much money will the farmer fetch from the overall sale?

In University of Nigeria
1 Answers Available
Asked by Bsolomon on 8th October, 2020