If you start with $1 and it doubles every day for a year, you would have $2,365 at the end of the year [1]. This thought experiment demonstrates the power of exponential growth. Let's break it down step by step:

1. Starting with $1: On the first day, you have $1.
2. Doubling every day: Each day, the amount of money doubles. So on the second day, you would have $2, on the third day, $4, and so on.
3. Accumulating over a year: After 365 days, you would have a total of $2,365.

It's important to note that this is a theoretical exercise and not something that can be easily replicated in real life. Nevertheless, it showcases the concept of exponential growth and compounding over time [1].

Learn more:

1. The Penny Doubled Everyday For 365 Days Formula Explained - Chronicle Collectibles
2. How Much Does a Dollar Doubled Every Day for a Month End Up Being? (Video Explanation) - Quantified Strategies
3. Penny a Day Doubled for a Year - How It Works