Let the mass of the penny be m.
The height of the building is h = 111 m
Let the velocity be denoted by v.
According to the conservation of energy,

Here, g = 9.81 m/s^2 is the acceleration due to gravity.
The speed will be
![v=\sqrt[]{2gh}](https://img.qammunity.org/2023/formulas/physics/college/h5x6lakwlbvixuxzx7xrzzklyp6k7d0vvk.png)
Substituting the values, the speed will be
![\begin{gathered} v=\sqrt[]{2*9.81*111} \\ =46.67\text{ m/s} \end{gathered}](https://img.qammunity.org/2023/formulas/physics/college/1puh6m1m0ar8rbjd2blw2k10hemkfm1bzp.png)
Thus, the speed is 46.67 m.