Question

Would you rather receive $10,000 a day for 31 days or a penny that doubles in value every day for 31 days?

Answer 1

This shows how much you would make per day for both choices.

Total earned in 31 days for $10,000 per day: $310,000

Explanation

$10,000 every day in 31 days.

Total earned in 31 days for penny: 21,474,836.47

Explanation

Day 1: $0.01

Day 2: $0.02

Day 3: $0.04

Day 4: $0.08

Day 5: $0.16

Day 6: $0.32

Day 7: $0.64

Day 8: $1.28

Day 9: $2.56

Day 10: $5.12

Day 11: $10.24

Day 12: $20.48

Day 13: $40.96

Day 14: $81.92

Day 15: $163.84

Day 16: $327.68

Day 17: $655.36

Day 18: $1,310.72

Day 19: $2,621.44

Day 20: $5,242.88

Day 21: $10,485.76

Day 22: $20,971.52

Day 23: $41,943.04

Day 24: $83,886.08

Day 25: $167,772.16

Day 26: $335,544.32

Day 27: $671,088.64

Day 28: $1,342,177.28

Day 29: $2,684,354.56

Day 30: $5,368,709.12

Day 31: $10,737,418.24