Suppose that a certain fortunate person has a net worth of $77.0 billion ($7.70×1010). If her stock has a good year and gains $3.20 billion (3.20×109) in value, what is her new net worth?
Express your answer to three digits.
Update:Suppose that this individual now decides to give one-eighth of a percent (0.125 %) of her new net worth to charity. How many dollars are given to charity?
Express your answer to three digits.
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Answers & Comments
1).
Suppose that a certain fortunate person has a net worth of $77.0 billion ($7.70 × 10^10).
If her stock has a good year and gains $3.20 billion (3.20 × 10^9) in value,
her new net worth is $8.02 billion ($8.02 × 10^10)
2).
Suppose that this individual now decides to give
one-eighth of a percent (0.125 %) of her new net worth to charity.
$1.00 billion ($1.00 × 10^10) dollars are given to charity.
77.0 billion
+3.2 billion
---------------
80.2 billion
Answer
$80.2 billion <-- new net worth
UPDATE:
80.2 billion * 0.125%
= 80.2 * 0.125/100 (billion)
= 0.10025 billion
= 100.25 million
Round to 3 digits:
= $100 million <-- donated to charity
7.70×10^10+3.20×10^9 = 8.02×10^10
7.70 x 10^10 + 3.20 x 10^9
Need them to be the same power of ten.
7.70 x 10^10 + 0.320 x 10^10
8.020 x 10^10
8.02 x 10^10