Suppose somebody offered you money, and gave you 2 choices:
You could have $500 today
or
They would give you 25 cents today, and double it everyday (50 cents the next day, $1.00 the next day, $2.00 the next day, and so on) for a year.
What would you choose?
2007-05-28 17:48:27 · 38 answers · asked by ♥ BuffaloGirl ♥ 5 in Entertainment & Music ➔ Polls & Surveys
doubles**
2007-05-28 17:54:43 · answer #1 · answered by debbie2243 7 · 0⤊ 0⤋
I would choose the 26 cents today and double it everyday for a year. By the end of the year you will have been given more money than the $500.
2007-05-28 17:51:43 · answer #2 · answered by Passion Parties by Tina 3 · 0⤊ 1⤋
definately the latter.
You dont even h ave to calculate it out. Just imagine getting 1 dollar everyday for a year. $365. But every day after the 3rd day you get more than a dollar...it would be logical to see that you would get a lot more than %500
EDIT: Dear god, are people really choosing the $500? Can they really not do math? Im going to do the math...ok well, my calculator couldnt handle it that high but at day 11 you would have recieved over $500 already.
2007-05-28 17:52:31 · answer #3 · answered by leikevy 5 · 0⤊ 0⤋
Logically, if you were to get the second choice, you would get the better deal. I went through the calculations as extra credit in math. I calculated by the end of the year you'll get some 10 billion or million (don't remember), but i know it's a huge eminence sum of cash, a lot better than just $500. So, hands down the year deal is better.
2007-05-28 17:59:08 · answer #4 · answered by chaosx_zero 5 · 0⤊ 0⤋
You can take a penny and double it every day for a month (30 days) and come out with well over $2,000,000 I believe.
So 25 cents doubled every day for a year must be an astronomical amount of money.
2007-05-28 17:54:08 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I'd go with option 2. Heck in 12 days you get 512 dollars. Thats not counting what you don't spend in between. Doubles every day? that means the next day its well over a grand.
2007-05-28 17:54:46 · answer #6 · answered by Sal P 2 · 0⤊ 0⤋
The second choice. I'm not gonna calculate it now, but the number would be exponentially high. And you would be the richest person on Earth, if that much money actually existed.
By the end of the 1st month you would actually have more than 33 million dollars.
2007-05-28 17:52:55 · answer #7 · answered by Princess Leia 6 · 0⤊ 0⤋
Give me the ladder. A quarter today, fifty cents the next, and by the end of the year I'll be set for a looonnng time.
2007-05-28 17:52:21 · answer #8 · answered by Damon M 2 · 0⤊ 0⤋
I think I would choose the $500 > Because "A bird in the Hand is better than two in the Bush" Right? ( I know you have that before.) Corny, But True. (smile)
2007-05-28 17:55:25 · answer #9 · answered by minnetta c 6 · 0⤊ 0⤋
The second: at 2^365 I would take it even if it started at a penny.
OTOH, If i need $500 by tomorrow to live, I would take the first.
2007-05-28 17:53:36 · answer #10 · answered by MonkeyK 2 · 0⤊ 0⤋
I'll have the $500 today, nobody knows if I'll be breathing tomorrow, or the next day or until the end of the year...lol
2007-05-28 17:51:19 · answer #11 · answered by Anonymous · 1⤊ 0⤋