Assuming the daily interest is compounded daily the future value of $100 =

$100 x (1.02^365) = 100 x 1,377.408291966068 = ~$137,740.83

Now let’s assume that one starts with a penny and the sum doubles every day for 30 days:

Value in 30 days = $0.01 x 2^30 = $10,737,418.24 (that’s over ten million bucks)

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