Third Grade Challenge

Ms. Woods’ 3rd graders responded to the following challenge:

You are offered a special allowance for one month. Which option would you choose and why?

a. Each day you get double the number of pennies you received on the previous day.

b. You can have a million dollars

I chose the million dollars because if I chose the pennies, it would be WAY less. I would donate half to charity and keep the rest for myself. I would buy a tree-house for my backyard. I have forever wanted a tree-house and that way my dad wouldn’t have to build it for me. ~Sidney Puchner

I choose to double the pennies because I think it will be more. I would exchange all the pennies for dollar bills, donate a quarter to charity and another quarter to animals and save half. ~Brinley Berger

If I was given a one million dollar allowance I would give some money to charity. Then some to my mom and dad for our house. I’d use the rest for a business so I could make more money. I would buy gamer gear and be a YouTuber and make even more money. ~Graham Mellert

I would choose one million dollars because I would want to donate to charity like the American Heart Association. With the rest, I would get an American Girl Doll, a car, a phone and a gift for my family like a picture frame with a picture of all of us. ~ Noriah Hamdani

I chose the million dollars because if I doubled the penny, whatever amount of pennies I got, I would have to divide it by 100 to see how many dollars I get. What I would get with one million dollars is… a bunch of American Girl dolls and every single pair of jeans at Old Navy. I would also donate half to charity. I would like to get Gucci and Hollister clothing and accessories too (handbags and jewelry especially!!) ~Rose Ciotta

If I got a million dollars I would give half to charity. Then I would have $500,000 left and with that I would pay the bills and buy a phone. ~Eyupcan Yazici

I chose the one million dollars because if you double the pennies 30 times it’s only about $2,000. I would donate half of the money to charity and use the rest to buy something for my family. ~ Katie Ioannou

I chose one million dollars because it is more money. If I had a million dollars, I’d give a quarter of it to charity and save the rest for college to be a doctor and mathematician. I would also buy a new car. -Lily Fiore

I would choose the pennies. Half would go to a children’s hospital. The other half would go to a homeless shelter. If there was anything left over, I would get a puppy. -Adair Carter

If I got $1,000,000 I would donate $250,000 to charity, $250,000 to my family and I would spend the last $500,000 on things I’ve never had like gaming gear or golf clubs and a golf simulator. Maybe a VR set. The reason why I didn’t pick double the pennies for 30 days is because a penny is only 1 cent and doubling that won’t get you over 1 million dollars. I will probably only give you $40 or $37. ~Violet West

If I had a million dollars I would buy everything that involves gaming and after I would use some money on charity. I would use the rest on a phone and rent. ~Aiden Alekseyev

I would double the penny and with the money I would waste it on high school and college. I would also buy a car. Then I would get a house and the rest I would waste on furniture. ~ John Shinin

What would you do ? Do you know what happens to a penny if it is doubled everyday for a month? Ms. Woods wants you to see what happens to a penny if it is doubled every day for 30 days:

Day 1 - $0.01 Day 2 - $0.02 Day 3 - $0.04 Day 4 - $0.08 Day 5 - $0.16 Day 6 - $0.32 Day 7 - $0.64 Day 8 - $1.28 Day 9 - $2.56 Day 10 - $5.12 Day 11 - $10.24 Day 12 - $20.48 Day 13 - $40.96 Day 14 - $81.92 Day 15 - $163.84 Day 16 - $327.68 Day 17 - $655.36 Day 18 - $1,310.72 Day 19 - $2,621.44 Day 20 - $5,242.88 Day 21 - $10,485.76 Day 22 - $20,971.52 Day 23 - $41,943.04 Day 24 - $83,886.08 Day 25 - $167,772.16 Day 26 - $335,544.32 Day 27 - $671,088.64 Day 28 - $1,342,177.28 Day 29 - $2,684,354.56 Day 30 - $5,368,709.12