Answer:
a(n) = $0.01*2(n - 1)
Step-by-step explanation:
Let a(n) represent the nth term of this geometric sequence. The common ratio is 2 (which comes from "doubling."
Then the desired formula is a(n) = $0.01*2(n - 1).
Check: Day 1: a(1) = $0.01*2(1 - 1) = $0.01
Day 2: a(2) = $0.01*2(2 -1) = $0.02
Day 3: a(3) = $0.01*2(3 - 1) = $0.04
and so on
... which shows that this formula is valid