A penny a day doubled everyday for 30 days.?

Question

now im aware that this is a pretty popular question but there is a disputed answer. some people believe the answer is $10,737,418.24 using the equation of 0.01x2^30 and that the penny already began doubling on the first day. others believe that the answer is $5,368,709.12 using the logic that the penny doesn't begin doubling until the 2nd day and the equation of 0.01x2^29 (30-1 cuz of the aforementioned reason).u guys decide which is rite.

Answer 1

You are given a single penny on the first day, which is doubled over the next 29 days.

It makes no sennse to multiply it out 30 times.

Answer 2

29 because you have to start on day 1

Answer 3

You have one penny all day the first day.  Hasn't doubled.  It doubles on the second day, doesn't really matter what time, giving 2 pennies.  So the answer that fits that would be the correct answer.

Answer 4

I am 67 years old and I heard this when I was a kid. It starts out"I will pay you a penny for the first day you work and I will double it every day for a month" Most people would say no way, but when it is added up it is $5,368,709,.12 for a 30 day month

  It is $10,737,418.24 for a 31 day month.

day one---.01

day 2 double it--.02 and so on

Answer 5

endless because if you say you have 1 penny and then you say 2 then double that everyday so on and so forth