You bet

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32 Responses to You bet

  1. Veeshir says:

    I hope nobody tells him.
    I’d love to see the look on his face when he counts his 365 pennies next year and doesn’t get $600.

    • Wirecutter says:

      I’m in the habit of emptying my pockets of all change into a gallon jar. It takes me a couple years to fill it, but there’s a nice payday when I finally get around to cashing out.

      • drjim says:

        I do the same, but it’s an empty plastic Folger’s coffee tub.

        Last time I took it in I had close to $200 in there…

        • Nat says:

          Actually, this is something I taught my kids over the years. Day one .01, day 2 .02 on up to day 365, $3.65. Most kids can do this and at the end of the year they have $667.94!

      • Gator says:

        I do the same thing, with a Simply Orange bottle. Fill it up with change. Roll it all up when its full. I also get really good cash rewards on a credit card, 5% on gas, 2% on groceries. I don’t ever carry a balance, pay it off as I use it, but the rewards build up quick. I’ve bought two guns using just rolled up change and cash rewards.

      • Turd Burglestein says:

        I’ve been doing the same, but with a 5 gal water bottle. After 5 yrs, it’s halfway full. I always pull out the copper pennies (pre-’82) and keep those separate. I put the copper in an empty 2 liter bottle. When the water jug is full, I’m going to put the money towards building a shop building on my land.

        • Wirecutter says:

          The last few years I was in California I used a water bottle too and I would put everything left in my pockets in there – change and bills. I gotta tell you, it hurt putting a 20 dollar bill in there. It was only half filled when I cut it open and cashed out but I still got a couple thousand bucks out of it. You should’ve seen the stack of one dollar bills I had, I bet that fucker was 6 inches thick.

        • pkerit says:

          My 5 gal is full and a second is half full. Might need it in my old age. Might die with it

          • PoppaGary says:

            Or die trying to carry to the bank! They get real heaving with all that coin!
            Wirecutter had the right idea,,,cut it open, but I bet that was a bit of a chore as well.

  2. Chris Mallory says:

    They didn’t write it correctly. You have to add a number of pennies equal to the day of the year.
    So you would add 1+2+3+4+5+6……+363+364+365 = 66795. Divide that by 100 and you get 667.95.

    • Tsquared says:

      I believe that is the Gause formula but it has been 40 years since I studied that in high school.

      • Bacon says:

        Yes, except it’s not called the Gauss formula (he had many others that were more important), it’s ususally called either the “Gauss Punishment” or the “Gauss Day of Reckoning”.

        When Carl Friedrich Gauss was 8 years old in elementary school, his teacher got tired of him finishing all of the classwork too quickly and playing while everyone else was still working. So the teacher gave him some busywork, to add up a series of numbers. Gauss solved it in seconds; it took the teacher 10 minutes just to check if the answer was correct.

        • rocketride says:

          In Gauss’ case the task was to summate the numbers 1 through 100. (Easy to do if, like Gauss, you realize that that sum is equal to (1+100) + (2+99) . . . (49+52) + (50+51) = (101×50) = 5,050.

          Note that it’s slightly more complicated if you have an odd number of terms because then you have to deal with one term in the middle that doesn’t fit the format.

      • anonymous says:

        Yep – 1st day – one penny. Day 2 – two pennies. Day 10 – 10 pennies. Day 150 – 150 pennies. Done to conclusion gets the result.

        Gonna need way more than that container though.

    • Mike says:

      A buddy of mine claims he does that with dimes. Going to his place on New Year’s eve with a bottle of Jack Daniels.

  3. Andy says:

    Must be common core math.

  4. crazyeighter says:

    Sure it’s possible. It’s The Miracle of Compound Interest.

  5. donnie says:

    All that’s needed is 182 of your best friends to contribute as well and….. there Ya go.

  6. Daveisgreat says:

    Jar isnt big enuf

  7. Bacon says:

    Chris Mallory and Tsquared are the only ones that got it so far.
    (n(n+1))/2 gives (3.65 (3.65+1) / 2 = 667.95

    The point is, it’s not a penny per day, it’s the number of pennies equal to THAT day.
    So the second day put in two pennies and the 365th day put 365 pennies in the jar.

    Those who answered “compound interest” are incorrect, the math doesn’t work out.
    (Not to mention that a jar doesn’t generate any interest.)

  8. Dai says:

    new math

  9. Elmo says:

    Paul Krugman’s piggy bank.

  10. Al says:

    Well if he’s getting copper pennies then at least he has copper! Better to save nickels! 25% nickel and 75% copper! When crash comes you’ve got something!

  11. SAM says:

    Needs a bigger jar.

  12. doug says:

    compounded savings in pennies! Makes sense to me, but first you need the pennies.

  13. Brother Antony says:

    That guy is going to need a much bigger jar.

    The sum of a series ‘S’ = n(n + 1)/2 where ‘n’ is the number in the series, hence in this case:
    S = 365(365 + 1)/2 = 365 x 366/2 = 133590/2 = 66795 pennies which when divided by 100 gives $667.95.

    Since 1982 the US penny has been composed of 97.5% Zinc and 2.5% Copper with a weight of 2.5 grams. Thus 66795 of them will weigh out at 166.988 kg (say 167 kg for convenience) or 368 lbs.
    Offer price for bulk copper on the markets as of 1st June is $6814 per tonne (1000 kg) and the scrap price varies around half that for bulk, even less for small quantities.

    Copper being 2.5% of the penny weight that will mean at the end of the year you will have in that jar 1.67 kg (3.68 lbs) of copper before extraction with a max small quantity value of just over eleven dollars if you can extract the copper from that alloy which is probably illegal anyway.

    Better idea would be to put the price of a beer in that jar every day and get seriously pissed at Christmas.

  14. Towser says:

    Hey! If the Einstein wants to give me just one penny and double the amount every day, I’ll give him a million bucks at the end of thirty days!

  15. Westcoastdeplorable says:

    Yes, that’s correct under the “new math” that says 2+2=6.

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