Chart Of A Penny Doubled For 30 Days
Have you ever heard of the penny doubling game? It's a simple concept where you start with just one penny and double it every day for 30 days. By the end of the 30 days, you'll have over five million dollars! It's an incredible concept that highlights the power of compounding interest.
Day 1 - $0.01
On the first day, you start with just one penny. It doesn't seem like much, but this is where the magic of compounding interest comes into play. You double your penny, and you're left with two cents.
Day 2 - $0.02
On the second day, you start with two cents, and you double it. You're left with four cents. It's still not a lot of money, but you're making progress.
Day 3 - $0.04
On the third day, you start with four cents, and you double it. You're left with eight cents. You're starting to see some real growth here.
Day 4 - $0.08
On the fourth day, you start with eight cents, and you double it. You're left with sixteen cents. You're still not rich, but you're getting there.
Day 5 - $0.16
On the fifth day, you start with sixteen cents, and you double it. You're left with thirty-two cents. You're starting to see some real progress now.
Day 6 - $0.32
On the sixth day, you start with thirty-two cents, and you double it. You're left with sixty-four cents. You're still not rich, but you're getting there.
Day 7 - $0.64
On the seventh day, you start with sixty-four cents, and you double it. You're left with one dollar and twenty-eight cents. You've officially made it to the one dollar mark!
Day 8 - $1.28
On the eighth day, you start with one dollar and twenty-eight cents, and you double it. You're left with two dollars and fifty-six cents. You're starting to see some real money now.
Day 9 - $2.56
On the ninth day, you start with two dollars and fifty-six cents, and you double it. You're left with five dollars and twelve cents. You're really starting to see some growth now.
Day 10 - $5.12
On the tenth day, you start with five dollars and twelve cents, and you double it. You're left with ten dollars and twenty-four cents. You've officially made it to the ten dollar mark!
Day 11 - $10.24
On the eleventh day, you start with ten dollars and twenty-four cents, and you double it. You're left with twenty dollars and forty-eight cents. You're really starting to see some serious money now.
Day 12 - $20.48
On the twelfth day, you start with twenty dollars and forty-eight cents, and you double it. You're left with forty dollars and ninety-six cents. You're getting close to the fifty dollar mark!
Day 13 - $40.96
On the thirteenth day, you start with forty dollars and ninety-six cents, and you double it. You're left with eighty-one dollars and ninety-two cents. You're really starting to see some serious money now.
Day 14 - $81.92
On the fourteenth day, you start with eighty-one dollars and ninety-two cents, and you double it. You're left with one hundred and sixty-three dollars and eighty-four cents. You're getting close to the two hundred dollar mark!
Day 15 - $163.84
On the fifteenth day, you start with one hundred and sixty-three dollars and eighty-four cents, and you double it. You're left with three hundred and twenty-seven dollars and sixty-eight cents. You're really starting to see some serious growth now.
Day 16 - $327.68
On the sixteenth day, you start with three hundred and twenty-seven dollars and sixty-eight cents, and you double it. You're left with six hundred and fifty-five dollars and thirty-six cents. You're getting close to the seven hundred dollar mark!
Day 17 - $655.36
On the seventeenth day, you start with six hundred and fifty-five dollars and thirty-six cents, and you double it. You're left with one thousand three hundred and ten dollars and seventy-two cents. You're starting to see some real money now.
Day 18 - $1,310.72
On the eighteenth day, you start with one thousand three hundred and ten dollars and seventy-two cents, and you double it. You're left with two thousand six hundred and twenty-one dollars and forty-four cents. You're really starting to get rich now.
Day 19 - $2,621.44
On the nineteenth day, you start with two thousand six hundred and twenty-one dollars and forty-four cents, and you double it. You're left with five thousand two hundred and forty-two dollars and eighty-eight cents. You're getting close to the ten thousand dollar mark!
Day 20 - $5,242.88
On the twentieth day, you start with five thousand two hundred and forty-two dollars and eighty-eight cents, and you double it. You're left with ten thousand four hundred and eighty-five dollars and seventy-six cents. You've officially made it to the ten thousand dollar mark!
Day 21 - $10,485.76
On the twenty-first day, you start with ten thousand four hundred and eighty-five dollars and seventy-six cents, and you double it. You're left with twenty thousand nine hundred and seventy-one dollars and fifty-two cents. You're really starting to get rich now.
Day 22 - $20,971.52
On the twenty-second day, you start with twenty thousand nine hundred and seventy-one dollars and fifty-two cents, and you double it. You're left with forty-one thousand nine hundred and forty-three dollars and four cents. You're getting close to the fifty thousand dollar mark!
Day 23 - $41,943.04
On the twenty-third day, you start with forty-one thousand nine hundred and forty-three dollars and four cents, and you double it. You're left with eighty-three thousand eight hundred and eighty-six dollars and eight cents. You're really starting to see some serious money now.
Day 24 - $83,886.08
On the twenty-fourth day, you start with eighty-three thousand eight hundred and eighty-six dollars and eight cents, and you double it. You're left with one hundred and sixty-seven thousand seven hundred and seventy-two dollars and sixteen cents. You're really starting to get rich now.
Day 25 - $167,772.16
On the twenty-fifth day, you start with one hundred and sixty-seven thousand seven hundred and seventy-two dollars and sixteen cents, and you double it. You're left with three hundred and thirty-five thousand five hundred and forty-four dollars and thirty-two cents. You're really starting to see some serious growth now.
Day 26 - $335,544.32
On the twenty-sixth day, you start with three hundred and thirty-five thousand five hundred and forty-four dollars and thirty-two cents, and you double it. You're left with six hundred and seventy-one thousand eighty-eight dollars and sixty-four cents. You're getting close to the one million dollar mark!
Day 27 - $671,088.64
On the twenty-seventh day, you start with six hundred and seventy-one thousand eighty-eight dollars and sixty-four cents, and you double it. You're left with one million three hundred and forty-two thousand one hundred and seventy-seven dollars and twenty-eight cents. You've officially made it to the one million dollar mark!
Day 28 - $1,342,177.28
On the twenty-eighth day, you start with one million three hundred and forty-two thousand one hundred and seventy-seven dollars and twenty-eight cents, and you double it. You're left with two million six hundred and eighty-four thousand two hundred and fifty-four dollars and fifty-six cents. You're really starting to get rich now.
Day 29 - $2,684,354.56
On the twenty-ninth day, you start with two million
