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What is the math equation to support this answer. a penny that doubles daily for 30 days?
Wiki User
∙ 14y ago
value x 2doublings = $10,737,418.24
Wiki User
∙ 14y ago
The math equation to calculate the amount of money after 30 days with a penny doubling daily can be expressed as:
Amount = 0.01 * (2^30)
In this equation, "2^30" represents 2 raised to the power of 30 (i.e., doubling daily for 30 days). The result will give you the amount of money accumulated after 30 days.
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