A certain library assesses fines for overdue books as follows. On the first day that a book is overdue, the total fine is $0.08. For each additional day that the book is overdue, the total fine is either increased by $0.30 or doubled, whichever results in the lesser amount. What is the total for a book on the fourth day it is overdue?
Choices:
A) $0.62	B) $0.70	C) $0.80	D) $0.90	E) $1.00
1st day fine - 0.08   2nd day fine - 0.08*2 = 0.16 (as doubling gives lower value)   3rd day fine - 0.16*2 = 0.32 (as doubling gives lower value)   4th day fine - 0.32 + 0.3 = 0.62 (as doubling gives higher value we add 0.3 this time)   $0.62nswer: $0.62.
<result>A</result>
A certain library assesses fines for overdue books as follows. On the first day that a book is overdue, the total fine is $0.08. For each additional day that the book is overdue, the total fine is either increased by $0.30 or doubled, whichever results in the lesser amount. What is the total for a book on the fourth day it is overdue?