So Explicit formula for 2nd one
Or general formula as per Geometric progression
For 50 years there are 365(50)=18250days excluding leap years (We will check for leap year if neck to neck situation arises)
Now find sum
Sum of 18250 terms
1 from both denominator and numerator cancels out
(Accurate)
It's far more than 1 M so second option would give you more penny