Mike received a penny on December 1st. On December 2nd he received 2 cents. December 3rd another 4 c

Discussion in 'Calculator Requests' started by math_celebrity, Feb 5, 2023.

  1. math_celebrity

    math_celebrity Administrator Staff Member

    Mike received a penny on December 1st. On December 2nd he received 2 cents. December 3rd another 4 cents and December 4th he received 8 cents. If his money continues to double, how much will he earn on December 25th?

    We have 24 doubling times starting December 2 to December 25
    0.01 * 2^24
    0.01 * 16,777,216
    167,772.16
     

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