Question

If you had a penny today, that doubled everyday for a month How much will you have in each account at the end of the month?
Write your explanation

Answer 1

Today: 1 cent.

Since there are 30 days which you double, multiply it by $2^{30} .$

You get ABOUT 1 billion, or 1,000,000,000

Convert that to dollars (divide by 100), and you get...

Answer 2

Answer:

A Penny Doubled Everyday. Quite a big difference once you look at it as you would be getting over 5 million dollars with the penny doubled everyday for 30 days route.

Step-by-step explanation: