I heard one time that if you dug a hole 20 miles deep and 20 miles long and placed a dollar every second into the hole, that it would take 20 years to fill up. Is that so?
2006-11-06 17:20:59 · 7 answers · asked by mnbernier@sbcglobal.net 1 in Social Science ➔ Economics
The answer is NO.
The 20 miles deep and 20 miles long parts of this question are superfluous.
If you place a dollar into thehole every second, then the number of dollars you put into the hole is:
1 minute = 60
1 Hour = 3600 (ie 60 minutes)
1 day = 86,400 (ie 24 hours in a day)
1 year = 31,536,000 (ie 365 days in a year)
20 years = 630,720,000 (ie 20*1 year). This is only 2/3 of a billion dollars!
1 billion is usually defined as 1000 million or 1,000,000,000. Dividing 1 billion by the number of dollars put into the hole in 1 year, gives 31.7 years. Therefore, the answer to your question must be NO! It would take 31.7 years to put 1 billion dollars into a hole at the rate of 1 dollar per second.
2006-11-07 10:33:49 · answer #1 · answered by eco101 3 · 0⤊ 0⤋
The concept of a billion is different, depending on which country you're in. In US, it is 100 million. In UK and Australia, it is a million million. That's 1 with 12 zeroes after it.
2006-11-07 03:55:20 · answer #2 · answered by ladybird 3 · 0⤊ 0⤋
Hmmmm never had a billion dollars in cash b4 so I have no idea but I'm pretty sure after taxes that is would be 1/3 less then the original sum. lol
2006-11-07 01:24:16 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I think that answer will work as well as the answer to "how many licks does it take to get to the center of a tootsie pop?" The world will never know
2006-11-07 01:30:54 · answer #4 · answered by The Shell Answer Man 3 · 0⤊ 0⤋
100 million
2006-11-07 01:31:35 · answer #5 · answered by Knackers 4 · 1⤊ 0⤋
I don't know. But I would like to find out how long it would take to spend it. Shop til ya drop.
2006-11-07 01:23:19 · answer #6 · answered by Anonymous · 0⤊ 0⤋
You would have to look in the cushions of the couch in Michael Dell's home.....
2006-11-07 01:24:03 · answer #7 · answered by Judy the Wench 6 · 0⤊ 0⤋