Penny Doubling a Day for 30 Days vs a Million Dollars

Penny Doubling a Day for 30 Days vs a Million Dollars

Assessment

Interactive Video

Mathematics

9th - 10th Grade

Hard

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The video tutorial discusses a popular equation problem involving two job offers with different pay structures: one offering $1,000,000 upfront and the other starting with a penny that doubles daily for 30 days. The tutorial explains the concept of exponential growth, demonstrating how the second option results in significantly higher earnings over time. Through detailed calculations, the video illustrates the rapid escalation of pay due to exponential growth, ultimately leading to over $10,000,000 in total earnings by the end of 30 days.

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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