GET RICH QUICK SCHEMES

Name:

Fill in the chart below, then print it out.
(Remember your answers will be in CENTS not dollars.)
Click HERE to learn about exponential growth
Day of the Month Start at 2cents on day 1, double this amount every day thereafter =  2^d (where d=day of the month). Start at a nickel on day one, quintuple this amount every day thereafter = 5^d (where d=day of the month). Start at a dime on day one, multiply by 10 every day thereafter = 10^d (where d=day of the month).
1 2 5 10
2 4 25 100
3 8 125 1,000
4
5
10
20
30
On which day will you officially make or exceed one MILLION cents, for each of these schemes?(experiment with your calculator to find the day)
By the way, how many DOLLARS is 1,000,000 cents?
 
On which day will you make or exceed a BILLION cents, for each of these schemes? (experiment with your calculator to find the day)
How many DOLLARS is one billion cents?
 

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