Double A Penny Every Day

It seems to me that everyone is forgetting one day. When I first heard about this it was asked as.

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But maybe Im the one getting this wrong Day 1.

Double a penny every day. Take a look at the chart below. However its important to note that its all about the power of doubling if you asked the same question but changed the doubling time to just 27 days you would only have 67108864. Eight on day 4 and so on.

Would you rather have 1000000 or the sum of a penny doubled every day for 30 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. Not bad at all.

By the end of a month youd have 1073741824. If you took a single penny and doubled it everyday by day 30 you would have 536870912. Answer 1 of 28.

Four on day 3. On day 15 youll have 16384 and on day 20 youll have 524288. June 29 2018.

While those numbers might seem like chump change at first take a look further down the line if you keep accruing 50 interest on your whole investment each day. A penny doubled every day for the 30 days that make up an average month would amount to 536870912. It depends how you ask the question.

Answer 1 of 5. As you keep doubling those pennies youll end up with 536870912 at the end of thirty days. The Power of Compounding.

If the penny were to be allowed to double for another 30 days the penny would grow to over 5 quadrillion five thousand trillion dollars. As you can see if you could double a penny a day you have 2 pennies on day 2. If you double a penny every day for thirty days youll have 001 on day one 002 on day two 004 on day four and so on.

You start with 1 penny but end with 21 pennies Day 2. You start with 2 pennies and end with 21222 pennies Day 3. If you double a penny every day for thirty days youll have 001 on day one 002 on day two 004 on day four and so on.

After 30 days you have 53 million dollars. Lets find out how that could be possible. Semantics tend to make this question difficult for people to work out an equation other people agree on.

-- On the 17th day you would get 65536 pushing your total to 131071 -- The 18th day is the first time you would get more than 1000 in one day. If you made a penny on day one made 2 penn. This is obviously more than the 1000000 offered in the other option.

If you did the math you know that the magical penny is the correct answer and by a long shot. What happens if you double a penny every day for 30 days. We started talking about creating wealth and economic freedom and I explained to him the concept of doubling a penny every day for 30 days.

How 1 Penny Doubled Every Day Turns Into 10 Million by Day 31. You start with 22 pennies and end with 22223 pennies.

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