Equation: $500 X 2^n where n = the number of days. So if n = 10 days and you start with $500 then,
$500 × 2^10 = $512,000
Equation: $0.01 x 2^n where n = the number of days. So if n = 30 days and you start with $0.01 then,
$0.01 × 2^30 = $10,737,418.24 or 2^30/100 = $10,737,418.24
The money doubles every day starting with day 1.
$500 × 2^10 = $512,000
Equation: $0.01 x 2^n where n = the number of days. So if n = 30 days and you start with $0.01 then,
$0.01 × 2^30 = $10,737,418.24 or 2^30/100 = $10,737,418.24
The money doubles every day starting with day 1.
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