0
Is it true that if you start with one penny and doubled it every day for thirty days you would have 5368709.12?
Wiki User
∙ 12y ago
Yes, if you count day 1 as the day you have one cent, then on day 30 you have 229 cents ($5,368, 709.12).
If the first of the 30 days is the first day that you double it, then on Day 30 you will have 230 cents ($10,737,418.24).
You use the formula: C=.01*(2)x where the value x is either 29 or 30
Where C=the total cash for the given day (which you have in the formula as 30), the (2) is the growth formula (doubling every day), and 1 cent (.01) as your starting amount.
This demonstrates the concept of exponential growth.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What is the sum of one penny a day doubled for thirty one days?
$21,474,836.48
What is better getting 100000 at once or getting a penny whose sum is doubled everyday for 31 days?
Take the penny a day doubled every day. The sum would be almost 43,000,000.
How much would you make if you doubled a penny a day for a month?
£10737418.24 by day 31
If your allowance was a penny doubled every day how many days would it take you to reach 1000.00?
On the eleventh day you would have 1,024 pennies, but if you save up all your pennies, you will have 1,023 pennies after being paid on the tenth day
What is the Formula for a penny doubled for 30 days?
The value in dollars will be $0.01 x 229 The number of pennies you will have is 229
What is the sum of one penny a day doubled for thirty one days?
$21,474,836.48
What is better getting 100000 at once or getting a penny whose sum is doubled everyday for 31 days?
Take the penny a day doubled every day. The sum would be almost 43,000,000.
What is doubled ear on 1984 penny mean?
The penny is a miss print and is worth 30-40 dollars
What is the value of a doubled die penny?
This is not enough information to give an accurate value amount. Need to know 'Type' of penny, 'Date' of penny and 'condition' of penny.
What a 1955 penny worth with one 5 doubled.?
is it worth anything.
How much would you make if you doubled a penny a day for a month?
£10737418.24 by day 31
What doubled die 1955 US has become a collectors' item thanks to its minting error?
Penny
When was To Every Man a Penny created?
To Every Man a Penny was created in 1949.
What is 1953 double die penny worth?
There are no known 1953 "Doubled Die" errors at this time, but machine doubled errors exist for all U.S. coins. Take it to a coin dealer for an assessment.
If your allowance was a penny doubled every day how many days would it take you to reach 1000.00?
On the eleventh day you would have 1,024 pennies, but if you save up all your pennies, you will have 1,023 pennies after being paid on the tenth day
What is the value of 1955-s Lincoln cent worth?
1 penny Also, A 1955 s Lincoln Penny can be valuable for it's doubling. Look at the dates on the coin and see if the numbers are doubled, or the inscription writings itself. If the writings or numbers are doubled, then it is worth thousands of dollars, do some research on these coins.
What is the Formula for a penny doubled for 30 days?
The value in dollars will be $0.01 x 229 The number of pennies you will have is 229
