2007-03-10 02:32:08 · 5 answers · asked by browny 1 in Business & Finance ➔ Personal Finance
Double a quantity for N consecutive periods, and it's the same as multiplying the quantity by 2 raised to the Nth power, or taking the original quantity and multiplying by 2 (doubling it), N times.
Doubling it for 31 periods is the same as multiplying the quantity by 2 raised to the 31st power.
2 raised to the 31st power is 2,147,483,648.
1 cent multiplied by 2,147,483,648 is
2,147,483,648 cents or $21,474,836.48
$21,474,836.48 is more than $10,000,000.00
Conclusion: take the 1 cent doubling deal.
If it goes for only 30 days, it's still a good deal:
$10,737,418.24
Please vote: Did this help?
2007-03-10 03:57:29 · answer #1 · answered by VT 5 · 0⤊ 0⤋
This has been going around a long time, the correct answer is take the 1 cent option.
2007-03-10 11:00:10 · answer #2 · answered by ? 7 · 0⤊ 0⤋
You take the pennies this has been on before
2007-03-10 13:05:01 · answer #3 · answered by pattibcacl 6 · 0⤊ 0⤋
I've heard this before, i'll go for the pennies!
2007-03-10 10:35:54 · answer #4 · answered by ♥ElizabethAnne♥ 7 · 1⤊ 0⤋
i can say,affiliate marketing are a great way to earn the extra money you need to help you make ends meet and live more comfortably.
2007-03-10 10:38:30 · answer #5 · answered by ran j 1 · 0⤊ 2⤋