Question

If you had your choice, would you rather have 5 million dollars, or 1 penny, doubled every day for a month?

Answer 1

5 mil, I’m tryna flip

Answer 2

Assuming that you’d want the option that would give you the most money, the best option would be to get a penny doubled every day.

The geometric sequence for a 30 day month with this pattern is:
1, 2, 4, ..., 131072, 262144, ..., 268435456, 536870912

Contrary to what one might believe, the penny option gives you more money. Since the final value in the 30 day month converts to $5,368,709.12, that is more that just the plain Jane $5,000,000.

I hope this helps! :)