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If you have a penny and double it every day how much money would you have in thirty days?
Over 5 million dollars (assuming that you have two pennies on the second day, not the first). An exponential amount grows more quickly than you might think.
You can compute the number of pennies as powers of 2.
On the first day, you have 20 = 1
On the second day, you have 21 = 2
On the third day, you have 22 = 4
On the tenth day, you have 29 = 512 pennies
On the twentieth day, you have 219 = 524,288 pennies
On the thirtieth day, you have 229 pennies. This is equal to 536,870, 912 pennies, or
$5,368,709.12
What else can I help you with?
What is the sum of one penny a day doubled for thirty one days?
$21,474,836.48
If you have one penny and you doubled it for 365 days how much money would you have?
Oh, dude, let me break out my calculator for this mind-blowing math problem. So, if you start with one penny and double it every day for 365 days, you'd end up with... drum roll, please... $1.84 quadrillion! Like, who needs a lottery when you've got compound interest, am I right?
How much money is 0.06?
six pennies, a nickel and a penny, six cents, one one-hundredth of a dollar, one tenth of a penny, one quarter of a quarter.
If you doubled a penny every day for 64 days how much money would that be?
If you doubled a penny every day for 64 days, the total amount of money would be $18,446,744,073.71. This is calculated by multiplying 0.01 (the initial penny) by 2 raised to the power of 64 (the number of days). This is an example of exponential growth, where the amount doubles each day, resulting in a massive sum by the end of the period.
How much will you have if you saved a penny every day for a year?
365 pennies = $3.65
If you start with 1 penny and double your money every day how much will you have in 90 days?
0.01×290 equals $1,237,940,039,285,380,274,899,124,224
If you double a penny on day1 how many money will you have at the end of the month?
2p
How much money is just cause 2?
About 20$. Worth every penny.
How much money does Jared Allen make?
he makes one penny every year
How much money would you have if you were given a penny double for fifteen days?
If you were given one penny on the first day, two more pennies on the second day, and double the previous day's amount every day, then on the 15th day you would receive $163.84, and if you hadn't spent any of it yet, you would have $327.67 all together.
How much money is the gold double eagle penny?
"double eagle penny" is kind of an oxymoron. A double eagle coin has a face value of $20. However, a gold coin is probably worth considerably more than face value.
When was To Every Man a Penny created?
To Every Man a Penny was created in 1949.
What does the proverb a penny is a lot of money if you haven't got a penny mean?
The proverb "a penny is a lot of money if you haven't got a penny" means that even a small amount of money can be significant to someone who is in dire financial straits. It highlights how perspective on value can change based on one’s circumstances. For those who are struggling, every little bit counts, emphasizing the importance of appreciating even the smallest resources.
What is the sum of one penny a day doubled for thirty one days?
$21,474,836.48
Is the saying A penny saved is a penny earned a pun?
The saying "A penny saved is a penny earned" is not a pun; it is a proverb that conveys the idea that saving money is as valuable as earning it. A pun involves a play on words that exploits multiple meanings or similar-sounding words for humorous effect. While the phrase uses the word "penny" in both parts, it does not create a humorous or double meaning typical of puns. Instead, it emphasizes the importance of saving money.
How much money to give a 11 year old?
we give our kids a penny- a nickel for every orange they pick up in our backyard
Is a penny lost really a penny saved?
A penny saved is a penny earned is an old saying coined by Benjamin Franklin. It refers to the value of the money that is saved over the money that is spent right away.
