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Five discs on the Tower of Hanoi

Three pegs; on the first sit five discs of different sizes, largest at the bottom. You may move one disc at a time, taking the top disc of one peg and placing it on another peg, and you may never put a larger disc on top of a smaller one.

  1. What is the smallest number of moves needed to transfer all five discs to another peg?
  2. According to the legend, monks are moving 64 discs at one move per second. Roughly how long will they take?
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To move the largest disc, all the others must be stacked on the spare peg. So moving n discs costs "move n minus 1 discs, move the big one, move n minus 1 discs again".

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