WebAnswer (1 of 7): Short answer. Yes. Algebra. Longer answer. Semantics tend to make this question difficult for people to work out an equation other people agree on. It depends how you ask the question. When I first heard about this, it was asked as: If you made a penny on day one, made 2 penn... WebMay 29, 2024 · 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. What happens if you double a penny every day? Clearly, the answer is one penny doubling in value every day for one year is worth more than $1 million. Had it been a leap year, compound interest …

How To Save A Penny A Day And Become A Millionaire

WebIf you doubled a penny every day for 30 days, the amount on day 30 would be ... WebAnswer (1 of 13): Assume a 30 day month. So, let’s have the variable n be, 30. Let’s see, we have 1, then 2, then 4, then 8 … pennies I see a pattern do you? Its 1 x 2 x 2 x 2 … but we can write that as 2^0 x 2^1 x 2^2 x 2^3 x … , where n varies from 0 to 29, or from 0 to n-1. So, we now have... how to hear voice chat on roblox

Double a penny for 30 days: Compounding Money - Big Bang Forex

WebJun 7, 2024 · He says take a penny now and double it every day for 30 days. Day 2 is a day away from day 1. He is correct….it’s not his math…it’s your reading. ... he stops with the the end of day 29 figure and loses one full day of compounding for day 30. the $10MM figure is correct. Reply. tim bentley. Mar 4, 2024 at 11:21 AM He should have started ... WebOct 18, 2024 · A penny doubled every day for 30 days is worth $5,368,709.12. So, in fact, you’d rather have the penny than $5 million! Even as an adult, and one that knows that … WebOne penny doubling every day for 30 days turns into more than $5 million. What is 1 cent called? The United States one-cent coin (symbol: ¢), often called the “penny”, is a unit of currency equaling one one … how to hear voice in headset