Question

Would you rather receive $10,000 a day for 31 days or a penny that doubles in value every day for 31 days?

How much money would you have at the end of 31 days if you chose the $10,000 per day?


How much money would you have at the end of 31 days if you chose to double the penny every day?


How much would you have at the end of 15 days if you chose to double the penny every day?

Someone pls help me

Answer 1

This shows how much you would make per day for both choices.

Total earned in 31 days for $10,000 per day: $310,000

Explanation

$10,000 every day in 31 days.

Total earned in 31 days for penny: 21,474,836.47

Step-by-step explanation:

Day 1: $0.01

Day 2: $0.02

Day 3: $0.04

Day 4: $0.08

Day 5: $0.16

Day 6: $0.32

Day 7: $0.64

Day 8: $1.28

Day 9: $2.56

Day 10: $5.12

Day 11: $10.24

Day 12: $20.48

Day 13: $40.96

Day 14: $81.92

Day 15: $163.84

Day 16: $327.68

Day 17: $655.36

Day 18: $1,310.72

Day 19: $2,621.44

Day 20: $5,242.88

Day 21: $10,485.76

Day 22: $20,971.52

Day 23: $41,943.04

Day 24: $83,886.08

Day 25: $167,772.16

Day 26: $335,544.32

Day 27: $671,088.64

Day 28: $1,342,177.28

Day 29: $2,684,354.56

Day 30: $5,368,709.12

Day 31: $10,737,418.24