Best Answer

It depends on whether you count the first day in the 30 days.

If you have one cent and on the "first day" you have 2 cents, and as day 1 is equal to 21 then your value on day 30 is equal to 230 cents ($10,737,418.24)

This exponential function can be represented by the equation: f(x) = 0.01(2x) where x = the day number. If you plug in 30 for x, you get f(x) = 0.01Ã—230 = 10,737,418.24

Here's a slower method of finding the answer:

Day 0 .01

Day 1 .02

Day 2 .04

Day 3 .08

Day 4 .16

Day 5 .32

Day 6 .64

Day 7 1.28

Day 8 2.56

Day 9 5.12

Day 10 10.24

Day 11 20.48

Day 12 40.96

Day 13 81.92

Day 14 163.84

Day 15 327.68

Day 16 655.36

Day 17 1,310.72

Day 18 2,621.44

Day 19 5,242.88

Day 20 10,485.76

Day 21 20,971.52

Day 22 41,943.04

Day 23 83,886.08

Day 24 167,772.16

Day 25 335,544.32

Day 26 671,088.64

Day 27 1,342,177.28

Day 28 2,684,354.56

Day 29 5,368,709.12

Day 30 10,737,418.24

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Q: If you start with 1 penny and double your money every day how much will you have in 30 days?

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0.01×290 equals $1,237,940,039,285,380,274,899,124,224

SavingsIf you start with $0.00 and save a penny daily, you will have saved $3.65 in one year (or $3.66 in a leap year).

If you start with one penny on day 1, assuming it's not a leap year, you would end the year with $3.65

that's two raised to 60... use a scientific calculator...

If you start with 2.5 and double the number you have 9 times,you land on 1,280 .

Related questions

0.01×290 equals $1,237,940,039,285,380,274,899,124,224

1048576 dollars

28 days

To get started you will need money to invest first. The second thing you need to do is research a reliable penny trader site.

Start by asking your parents for a penny's. Tell them to double the amount every day, And when it turns to a dollar's worth, I would like a dollar, And that dollar would double And double. After a 3 weeks you start over. 1 day: .1 2 day: 2 3 day: 4 4 day:8 5 day: 16 6 day: 32 7 day: 64 8 day: $1.28

SavingsIf you start with $0.00 and save a penny daily, you will have saved $3.65 in one year (or $3.66 in a leap year).

There doesn't appear to be a common definition of penny stock fortunes. Penny stock means different things to different people. However, the typical penny stock is a small business that has speculative shares, so buying is a risk because of their lack of liquidity.

start an event and tell them you can double their money in 2 trades and when they give you the money in the first trade kick them out!

A dime a dozen, A penny saved is a penny earned, A piece of cake, A toss-up, A fool and his money are soon parted, All bark and no bite, Actions speak louder than words.

Start paying people/companies you owe money and you won't have to worry about things like this. And yes, they can if they know you have an account. In California we no longer need to know the account number, just where you bank and the sheriff can take the writ of execution from the creditor that you owe money and take every penny they deserve.

If you start with one penny on day 1, assuming it's not a leap year, you would end the year with $3.65

accounting just means that for every penny spent there has to be an offsetting entry eg: I have $50.00 to start with, I came home with $8.50 this means that I have spent $41.50 I now have to "account" for the money I spent, so I will show you my receipts;;; $30.00 for groceries and $11.50 at the drugstore. this is "accounting" Banking just means to go to a Bank and either deposit money into your account or withdrawing it.