A lottery prize of \(\$6{,}000{,}000\) will be paid to one winner.
a) How many \(\$100\) bills would be needed to pay the entire prize?
b) How many \(\$20\) bills would be needed to pay the same prize?
c) A stack of \(100\) bills is about \(1\,\text{cm}\) thick. How tall, in meters, would the stack of \(\$20\) bills be?
Hints
- Divide the total prize by the value of one bill.
- For part c, first find the number of groups of \(100\) bills.
- Convert centimeters to meters at the end.
Solution
1. a) Divide the prize by the value of each bill: \(6{,}000{,}000\div100=60{,}000\).
2. b) Divide by \(20\): \(6{,}000{,}000\div20=300{,}000\).
3. c) The number of 100-bill groups is \(300{,}000\div100=3000\). Using the approximate thickness, the stack is about \(3000\,\text{cm}\) tall.
4. Convert the estimated height to meters: \(3000\,\text{cm}=30\,\text{m}\). The stack is about \(30\,\text{m}\) tall.
Answer
a) \(60{,}000\) bills
b) \(300{,}000\) bills
c) About \(30\,\text{m}\)