2007-11-17 08:08:47 · 22 answers · asked by .єmιlч. .ωєmιlч. ~♥~ 5 in Business & Finance ➔ Personal Finance
28, 29, 30 or 31... you decide =)
2007-11-17 08:15:55 · update #1
"you put in a US currency with a UK currency outcome."
1 pence, also known as a penny. How is that a US currency?
http://upload.wikimedia.org/wikipedia/en/thumb/e/ec/British_coin_1p_(1980).jpg/180px-British_coin_1p_(1980).jpg
2007-11-17 08:58:38 · update #2
Well, I have it worked out as:
28 days: £1,342,177.28
29 days: £2,684,354.56
30 days: £5,368,709.12
31 days: £10,737,418.24
However many days it is, it still works out better =D
I want a 1p that doubles!! =(
2007-11-17 11:16:46 · update #3
Well, a penny which doubles every day for 30 days reaches 536870912p which is £5,368,709.12 which is 5 times more so yes please!
2007-11-17 08:17:52 · answer #1 · answered by Anonymous · 3⤊ 0⤋
Do you mean the penny doubles after one day, then that amount doubles the next day ie 1 then 2 then 4 then 8 then 16 etc.? If so I'll take the penny; think it works out at about 5 million pounds after a 30 day month...though I could be wrong; I am getting a bit drunk
2007-11-17 16:17:52 · answer #2 · answered by Doug 7 · 2⤊ 0⤋
Take the penny that doubles every day. After 30 days it's worth £5368709.12
In 28 days it's still worth it at £1342177.28
2007-11-17 16:25:51 · answer #3 · answered by Grandad 4 · 2⤊ 0⤋
Some people's calculations differ to mine but i'll take the doubling penny.....in a 30 day month it would be worth £5,368,238.....in a 31 day month it would be worth £10,736,476.....don't give it to me in February of a leap year though
2007-11-17 17:01:53 · answer #4 · answered by Anonymous · 2⤊ 0⤋
I'd take the penny. In 30 days it would be worth over £5,000,000
2007-11-17 16:37:20 · answer #5 · answered by davidosterberg1 6 · 2⤊ 0⤋
LOLOLOLOL!
My 3rd Grade Mathbook (Written on papyrus given my age!) had that in as an 'insert' story!
You'd want the penny.
I love the question, though, because you put in a US currency with a UK currency outcome.
So... today, a US penny that doubles every day for a month (assuming a 30 day month... and believe me, it makes a big difference), would result in $536,870,912 or 261,295,073 Pounds given todays rate of .4867 US to Pound currency exchange.
Cheers!
2007-11-17 16:24:45 · answer #6 · answered by techbankguy 4 · 1⤊ 2⤋
I spent an hour last night working that out then my computer broke but I was going to say I'd take the 1p that doubles.
2007-11-18 04:58:56 · answer #7 · answered by Lily R 6 · 1⤊ 0⤋
Bring on the million, I would stick it in a high interest acc at the beginning of the penny month and beat it through the interest rate. Ha!
2007-11-17 16:17:47 · answer #8 · answered by SunRae 2 · 0⤊ 2⤋
It depends.
If I thought the person making the offer was good for the million, but not for the 536 million, then I'd take the one million and run.
But, if I thought they'd really honor the deal and hand over 536 million, I'd wait the month and take that.
2007-11-17 17:10:50 · answer #9 · answered by zxdfmlp 3 · 0⤊ 1⤋
if its a 31 day month the penny would do
2007-11-17 16:19:58 · answer #10 · answered by ziggy bulldust 4 · 1⤊ 1⤋