Question

Which option gives you the most money:

For the month of January (31 days)

a) 1¢ on Jan 1, 2¢ on Jan 2, 4¢ on Jan 3, 8¢ on Jan 4 etc... (each day you receive double the amount of the previous day)

2) $10,000,000 on Jan 1



Explain your reasons. Provide a detailed answer. Use calculations to support your choice

Answer 1

a) total = 1¢ * [(2^32) - 1] = 4,294,967,295 ¢

2) $10,000,000 = 1,000,000,000 ¢