$21,474,836.48
Take the penny a day doubled every day. The sum would be almost 43,000,000.
£10737418.24 by day 31
The amount is equal about .005e693x. More exactly (at least for the next 30 days), y = .005e69314718058x, where x = amount of days and y = amount you would receive on that day. Also, if you start with 2 pennies then the coefficient would change to .01.
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
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.
Take the penny a day doubled every day. The sum would be almost 43,000,000.
£10737418.24 by day 31
It will take about 13 days to make $163. After 30 days you'll have $10,737,418.24
The amount is equal about .005e693x. More exactly (at least for the next 30 days), y = .005e69314718058x, where x = amount of days and y = amount you would receive on that day. Also, if you start with 2 pennies then the coefficient would change to .01.
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
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.
Not quite. The word 'day' should be plural: There are thirty-one days.
If you got a penny on the first day, two more pennies on the second day, four more pennies on the third day, and so on, doubling every day, then: -- On the 17th day, you would get $655.36, pushing your total to $1,310.71 -- The 18th day is the first time you would get more than $1,000 in one day. On that day, you would get $1,310.72, and your total would be $2,621.43 .
No
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 30Where 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.
thirty seven/ 37
Oh, what a happy little question! If you were to double one penny every day for 100 days, you would end up with over $6.7 million! Isn't that just amazing? Just imagine all the beautiful things you could create with that much money.