Who makes more money? A doctor earning $5,000 a day or a salesman who make $.01 cents a day, which doubles every day for 30 days?
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M$8 Answers
$150,000.
However, if the salesman stops earning money after a month, and the doctor continues to earn money over a 30 year career, the doctor will end up with more(54.8 million)
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M$The salesman makes 2.14 million dollars in the 30 days
Wolfram Alpha
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M$
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M$
day 1 .01
day 2 .02
day 3 .04
day 4 .08
day 5 .16
day 6 .32
day 7 .64
day 8 1.28
day 9 2.56
day 10 5.12
day 11 10.28
day 12 20.56
day 13 41.12
day 14 82.24
day 15 164.48
day 16 328.96
day 17 657.92
day 18 1315.84
day 19 2631.68
day 20 5263.36
day 21 10526.72
day 22 21053.44
day 23 42106.88
day 24 84213.76
day 25 168427.52
day 26 336855.04
day 27 673710.08
day 28 1347420.16
day 29 2694840.32
day 30 5389680.64
total $8,379,361.23
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M$
For the salesman, we could get a calculator and calculate two to the power of thirty. On his last day he will earn 2 to the twenty ninth, and when you add in the previous days it will be about 2 to the thirtieth power all together. Its more interesting to note that two to the thirtieth is two to the tenth power cubed, and two to the tenth is 1024, or slightly over 1000. Two to the thirtieth is slightly over 1000*1000*1000, or one billion pennies, or ten million dollars.
So the salesman makes more money in theory. In practice he probably paid $300 to get involved in something promising geometrically increasing commissions. I doubt he'll get anything.
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M$That adds up really fast!
- DNatureofDTrain
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M$You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$
