pakabigail7636 pakabigail7636
  • 29-06-2018
  • Mathematics
contestada

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

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tyeishascott tyeishascott
  • 29-06-2018
5 mil, I’m tryna flip
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tealmermaid534
tealmermaid534 tealmermaid534
  • 29-06-2018
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! :)
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