Sam took a loan from his local bank to support his small business. He is expected to double the amount he paid the previous month till he repays a total of $128000. His first payment is $250.
Choose the correct choice from the following options: A) 10 B) 14 C) 12 D) 13 E) 15
First payment--$250   Total amount to be repaid--$128000   First month payment--$250   Second month payment--$250*2=$500   Third month payment--$500*2  -- 250*2= 
<gadget id="calculator">  -- 250*2</gadget>
<output>500</output>
$500   Third month payment--$500*2=$1000   Fourth month payment--$1000*2 -- 500*2= 
<gadget id="calculator"> -- 500*2</gadget>
<output>1_000</output>
$1000   Fourth month payment--$1000*2=$2000   Fifth month payment--$2000*2  -- 1000*2= 
<gadget id="calculator">  -- 1000*2</gadget>
<output>2_000</output>
$2000   Fifth month payment--$2000*2=$4000   Sixth month payment--$4000*2 -- 2000*2= 
<gadget id="calculator"> -- 2000*2</gadget>
<output>4_000</output>
$4000   Sixth month payment--$4000*2=$4000   Seventh month payment--$4000*2=$8000   Eight month payment--$8000*2-- 4000*2= 
<gadget id="calculator">-- 4000*2</gadget>
<output>8_000</output>
$8000   Eight month payment--$8000*2=$16000   Ninth month payment--$16000*2 -- 8000*2= 
<gadget id="calculator"> -- 8000*2</gadget>
<output>16_000</output>
$16000   Ninth month payment--$16000*2=$32000   Tenth month payment--$32000*2 -- 16000*2= 
<gadget id="calculator"> -- 16000*2</gadget>
<output>32_000</output>
$32000   Tenth month payment--$32000*2=$64000   Eleventh month payment--$32000*2 -- 32000*2= 
<gadget id="calculator"> -- 32000*2</gadget>
<output>64_000</output>
$64000   Eleventh month payment--$32000*2=$64000   Twelfth month payment--$32000*2 -- 32000*2= 
<gadget id="calculator"> -- 32000*2</gadget>
<output>64_000</output>
$64000   Twelfth month payment--$32000*2=$64000   Thirteenth month payment--$64000*2-- 32000*2= 
<gadget id="calculator">-- 32000*2</gadget>
<output>64_000</output>
$64000   Thirteenth month payment--$64000*2=$128000   Answer is 13-- 64000*2= 
<gadget id="calculator">-- 64000*2</gadget>
<output>128_000</output>
$128000   Answer is 13
<result>D</result>
Sam took a loan from his local bank to support his small business. He is expected to double the amount he paid the previous month till he repays a total of $128000. His first payment is $250.