How much money would your earn every minute during thirty years if the total amount is $1.3 billion

Question

The total amount is 1.3 billion and u need to find out how much would u get every minute for thirty years

 

Answer 1

To find the answer, you need to determine the number of minutes contained in 30 years. This is easy to do:

 

A year has an average of 365.25 days, so 30 years has 

 

30*365.25 = 10,957.5 days

 

There are 24 hours in a day so 10,957.5 days has

 

10,957.5 * 24 = 262,980 hours

 

Each hour has 60 minutes in it, so 262,980 hours has

 

262,980 * 60 = 15,778,800 minutes

 

If you want to know the amount earned per minute, you take the total amount earned and divide it by the total amount of time

 

1,300,000,000 / 15,778,800 = $82.39 per minute, rounded to the nearest hundredth of a cent.

 

 

Answer 2

You want to figure out the rate you would earn every minute and you are given duration of 30 years. 

 

So convert 30 years into minutes... 

 

30 years (365 days/1year)( 24 hours/ 1 day) ( 60 minutes/1hour) = total minutes in 30 years which is 15768000 minutes 

If you take 1.3 billion and divide by the total minutes in 30 years (15768000) you will get the amount of money you earn every minute. 

 

1,300,000,000 / 15768000 = ~  82.45 

As others have mentioned, considering leap year time  change and you will get 

1,300,000,000/ 15778463 =$82.39 per minute