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Puzzle related to rings

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malhotra13 | 12:36 Mon 02nd Feb 2009 | Quizzes & Puzzles
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You arrive at a hotel and have 3 sets of golden rings. The first set of rings has 4 rings, the second set has 2 rings and the third only has one ring. You cannot take these sets of rings apart, exchange them for a different form of currency, and the hotel clerk has no change. You want to stay at the hotel for 7 nights, and you have to pay one gold ring for each night that you stay. You cannot pay in advance, or all at once at the end of your stay. How do you pay for your 7 nights at the hotel
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day 1 - hand over the one ring
day 2 - hand over the set with 2 rings and get the one ring
from the day before as change
day 3 - hand over this ring as payment
day 4 - you now only have the four set left so hand this over and get the two set and one back as change.
day 5,6, and 7 - repeat days 1,2 & 3
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