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Chapter 1: Problem 76

If you spend \(\$ 1000\) each day, estimate how long it will take to spend a billion dollars.

Short Answer

Expert verified
It would take approximately 2739,73 years to spend a billion dollars, with a daily spending rate of $1,000.

Step by step solution

01

Convert Billion to its Numerical Equivalent

As mentioned earlier, 1 billion equals to 1,000,000,000.
02

Divide the Total Amount by Daily Spendings

Now divide the total amount by the daily spendings. So, \( \frac{1,000,000,000}{1,000} = 1,000,000 \) days.
03

Convert Days to Years

Given that a year usually has 365 days, you can convert the number of days to years, to get a more comprehendible figure. So, \( \frac{1,000,000}{365} \approx 2739.73 \) years.

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Most popular questions from this chapter

Ten people ordered calculators. The least expensive was \(\$ 19.95\) and the most expensive was \(\$ 39.95\). Half ordered a \(\$ 29.95\) calculator. Select the best estimate of the amount spent on calculators. a. \(\$ 240\) b. \(\$ 310\) c. \(\$ 345\) d. \(\$ 355\)

Determine each estimate without using a calculator. Then use a calculator to perform the computation necessary to obtain an exact answer. How reasonable is your estimate when compared to the actual answer? A raise of \(\$ 310,000\) is evenly distributed among 196 professors. Estimate the amount each professor receives.

Ten people ordered calculators. The least expensive was \(\$ 4.95\) and the most expensive was \(\$ 12.95\). Half ordered a \(\$ 6.95\) calculator. Select the best estimate of the amount spent on calculators. a. \(\$ 160\) b. \(\$ 105\) c. \(\$ 75\) d. \(\$ 55\)

Use Polya's four-step method in problem solving to solve. How many ways can you make change for a quarter using only pennies, nickels, and dimes?

Use Polya's four-step method in problem solving to solve. An automobile purchased for \(\$ 34,800\) is worth \(\$ 8550\) after 7 years. Assuming that the car's value depreciated steadily from year to year, what was it worth at the end of the third year?
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