If on the first day you have 1 penny, on the 64th day, you would have 263 pennies, or about
$ 9.22 x 1016 dollars. On the US short scale, this is more than 92 quadrillion dollars (92,000 trillion dollars), which is more money than there is in the entire world. The total GDP of all the countries on Earth is only about 80 to 90 trillion dollars, about 1000 times less than your hoard of pennies.
Take the penny a day doubled every day. The sum would be almost 43,000,000.
£10737418.24 by day 31
Assuming you did not add the pennies, but merely doubled the amount, on the 365th day, you would have 2364 pennies = about 3.76 x 10107 dollars, which is an implausibly large sum of money. The gross domestic product of the entire Earth is only about 80 to 90 x 1012 dollars. 10107 is trillions of times the total number of electrons in the universe. If you kept each group of pennies as you doubled, you would have (2365 - 1) pennies, or almost exactly twice as much money.
On the eleventh day you would have 1,024 pennies, but if you save up all your pennies, you will have 1,023 pennies after being paid on the tenth day
The amount is equal about .005e693x. More exactly (at least for the next 30 days), y = .005e69314718058x, where x = amount of days and y = amount you would receive on that day. Also, if you start with 2 pennies then the coefficient would change to .01.
Take the penny a day doubled every day. The sum would be almost 43,000,000.
If you would have gotten 10% interest, your money would have doubled every 7 years.
£10737418.24 by day 31
Assuming you did not add the pennies, but merely doubled the amount, on the 365th day, you would have 2364 pennies = about 3.76 x 10107 dollars, which is an implausibly large sum of money. The gross domestic product of the entire Earth is only about 80 to 90 x 1012 dollars. 10107 is trillions of times the total number of electrons in the universe. If you kept each group of pennies as you doubled, you would have (2365 - 1) pennies, or almost exactly twice as much money.
On the eleventh day you would have 1,024 pennies, but if you save up all your pennies, you will have 1,023 pennies after being paid on the tenth day
One saying is "a penny saved is a penny earned".
Who would be this dumb to ask this?
The amount is equal about .005e693x. More exactly (at least for the next 30 days), y = .005e69314718058x, where x = amount of days and y = amount you would receive on that day. Also, if you start with 2 pennies then the coefficient would change to .01.
If I wanted to double my money here is what I would do. I would look for a property that was for sale at a bargan price. You don't want to pay too much and take a loss. Then rent out the property. If you could rent it for 10 percent of the cost, then in ten years you would have doubled your investment. You would not have double the money until you sold the land. Then you would might have another gain or loss. Lets hope after 10 years it would be a gain. If the rent after taxes gave you over 10 percent then it would take you even less than 10 years to double your money. There are many other ways. I just said how I would do it.
2,147,483,648 pennies
The Value of the Mean will Double as well.
in an American currency shop