Parents | Raising readers & learners.

Home of Parent & Child Magazine

Doubling Pennies Can Make You a Millionaire

Daily Tips

Try something new with your kids every day! Find tips on reading, learning, and raising a well-rounded child.
 
 

Today's Tip

Today's Tip: 
April 15, 2014
Doubling Pennies Can Make You a Millionaire

Teach your child a lesson in assumptions. Give her two options: She can have $500 now, or she can have one penny now plus double the amount every day for the next 30 days. If she takes the $500, show her how she missed out on $10.7 million!  It's solvable by multiplying 1 x 2^30 where 1 is the penny, 2 is the doubling factor, and the 30 accounts for each day (i.e., 2 is to the power of 30).

 
 

Activities & Fun

Recycle common household objects into these clever Earth Day crafts.
Create a sanctuary to explore and nurture the natural world — no matter...
Can you hear the sound of rain?
Help your child learn something new, fun, and creative with this...
Winter is full of wild weather, and your kids will enjoy flexing their...
Your child will love this printable science project inspired by the...