Consider the first four levels of a pyramid scheme where "each one recruits six." a)If you are the top person in the chart, and each person's entry fee is $1, how much money will you receive and
What will your profit be? b)What is the total number of members from level 1 through level 4?
A) a) $\$ 46,656 ; \$ 46,655$
b) 1554

B) a) $\$ 46,656 ; \$ 46,655$
b) 1555

C) a) $\$ 216 ; \$ 7770$
b) 258

D) a) $\$ 216$; $\$ 215$
b) 259

Question

Consider the first four levels of a pyramid scheme where "each one recruits six." a)If you are the top person in the chart, and each person's entry fee is $1, how much money will you receive and
What will your profit be? b)What is the total number of members from level 1 through level 4? 
A) a) $\$ 46,656 ; \$ 46,655$
b) 1554

B) a) $\$ 46,656 ; \$ 46,655$
b) 1555

C) a) $\$ 216 ; \$ 7770$
b) 258

D) a) $\$ 216$; $\$ 215$
b) 259

Quizplus · Accepted Answer

Each level recruits six times the previous level. Level 1 has 6 members, level 2 has 36, level 3 has 216, and level 4 has 1296. Total members from level 1 to 4 is 6 + 36 + 216 + 1296 = 1554. The top person receives $1 from each member, totaling $216 from levels 1 to 3. The profit is $215 after subtracting the initial $1 entry fee.

Consider the First Four Levels of a Pyramid Scheme Where $46,656;$46,655\$ 46,656 ; \$ 46,655$46,656;$46,655

Consider the First Four Levels of a Pyramid Scheme Where $\$ 46,656 ; \$ 46,655$