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1 penny a day doubled everyday for 7 days or 1 dollar for up front. email this discussion to a friend?

myLot reputation of 86/100. squrrly26 (437)3 years ago

Which would you rather have and why?

 
 
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tags:  dollar, cashmoney
 
1. myLot reputation of 98/100. rjbass (953)   3 years ago

This is kind of a simple math question. There are 2 answers:1. I would take the $0.01 a day if the doubled amount from the previous day was cumulatively doubled (does that make sense?) because over a 7 day period, the total amount would equate to $1.27.
2. If it was a penny a day for 7 days doubled, I would take the dollar over $0.14.


Money

myLot reputation of 86/100. squrrly26 (437)  3 years ago

The first thing that you said is what I meant. Oh and by the way it would be a 1.28 not a 1.27 lol


myLot reputation of 98/100. rjbass (953)  3 years ago

Ooops, thanks for the correction:)

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