Consider the stack of pennies in the previous problem. How much money (in dollars) would this represent? If this money were equally distributed among the world's population of 7.0 billion people, how much would each person receive? Would each person be a millionaire? A billionaire? A trillionaire?

Question

Accepted Answer

Hi everyone here we have a question telling us, nickel coins have a thickness of 0.767 inches. And our question is, what is the amount in dollars of a 7.89 times 10 to the 23rd yard pile of nickel coins? If this amount was even given to 3.2 trillion people, what is the amount each person will get? Will each person be a millionaire billionaire or trillionaire? So we have seven 0.89 times 10 To the 23rd yards. And we're going to multiply that by Over one yard because there are 36" in one yard. And we're going to multiply that by one nickel over 0.0767". And we're going to multiply that by $ over 20 nickels And that equals 1. times 10 To the $25. Now, one point 8516 times 10 to the $25. We want to divide that into our 3.2 trillion people. So divided by 3. Times 10 to the 12 people Equals 5.78 times to the $12 per person, which would make them trillion airs. So our answers are 1.8516 times 10 to the $25, times $10-12 per person and trillionaire. Thank you for watching. Bye

Consider the stack of pennies in the previous problem. How much money (in dollars) would this represent? If this money were equally distributed among the world's population of 7.0 billion people, how much would each person receive? Would each person be a millionaire? A billionaire? A trillionaire?

Verified Solution

Key Concepts

Value of Currency

Population Distribution

Wealth Comparisons