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Which would you rather have $1000000 or a penny doubled every day for 30 days?

  1. flacoinohio profile image82
    flacoinohioposted 6 years ago

    Which would you rather have $1000000 or a penny doubled every day for 30 days?

    The amount of money each day doubles for those who don't understand the question.  1 cent on day one, two on day two, four on day three, eight on day for, and so on and so forth.

  2. Don Simkovich profile image60
    Don Simkovichposted 6 years ago

    I'll take the $ 1,000,000. I prefer to keep it nice and simple!

  3. DzyMsLizzy profile image95
    DzyMsLizzyposted 6 years ago

    Take the penny doubled daily--you end up with way more than a measly million..In fact, when I tried to figure this one out years back on one of the first hand held calculators--it filled up the screen with an overflow error code--the calculator couldn't handle that many digits.
    On the first day, you'd earn a penny; on day 2, 2 cents, on day 3, 4 cents, and so on, until by day 20, you'd have  You'd have somewhere around $524,288 for a single day's work, and by the 30th day, $536,870,912--for a single day's work.  Add it all up, and you could comfortably retire on a single months' wages!

  4. kayyluh profile image77
    kayyluhposted 6 years ago

    I want to say the million...but something is telling me the pennies are the way to go!

  5. Insane Mundane profile image61
    Insane Mundaneposted 6 years ago

    One million dollars for me would be plenty, but it would depend on whether you want it RIGHT NOW or not because......

    A penny doubled every day for 30 days would be 1 cent + 2 cents + 4 cents + 8 cents + 16 cents + 32 cents + 64 cents + $1.28 + $2.56 +  $5.12 + $10.24 + $20.48 + $40.96 + $81.92 + $163.84 + $327.68 + $655.36 + $1,310.72 + $2,621.44 + $5,242.88 + $10,485.76 + $20,971.52 + $41,943.04 + $83,886.08 + $167,772.16 + $335,544.32 + $671,088.64 + $1,342,177.20 + $2,684,354.40 +  $5,368,708.80  = a grand total of $10,737,417.47! 

    Even if my math was slightly off, it would still be a lot more money to wait for the penny to double every day for 30 days and get 10+ times more money!  Personally, I'll take the one million dollars RIGHT NOW, since patience is definitely not my forte...

  6. Adventure Colorad profile image82
    Adventure Coloradposted 6 years ago

    Insane already did the math and posted it before I could.  I would definitely take the penny doubled up.  Even though it would be difficult to wait for it, I could make myself wait the 30 days for that much money!

  7. Faceless39 profile image93
    Faceless39posted 6 years ago

    The $10,000,000's worth of pennies.. duh!  smile

  8. profile image0
    theking2020posted 6 years ago

    The penny double every day for 30 days of course.