1. At the beginning there was 1 penny. At the second day the amount of pennies under the pillow became 2.
The amount of pennies doubled each day. So the series is,
1, 2, 4, 8, 16, 32....
This series is in geometric progression.
As the pennies from each of the previous days are not being stored away until more pennies magically appear so the sum of series will be,
Sn = { a × ( rn - 1 ) } ÷ ( r - 1 )
where,
a = initial term = 1,
r = common ratio = 2,
Sn = $175 billion = $175 × 109 = 175 × 1011 pennies
Putting values in the formula we get
175 × 1011 = { 1 × (2n - 1 ) } ÷ ( 2-1)
2n = 175×1011 + 1
Taking log of both sides, we get
n × log(2) = log(175 × 1011 + 1)
n = 44 days
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