Question

Using the unit rate of $996,596/min calculate how much money is spent:1. in one hour2. in one day3. in one month (use average of 30 days)4. in one year *The numbers have to be rounded

Answer 1

Given:

Unit rate = $996,596/min

Let's calculate how much money is spent.

1) In one hour:

Given:

60 minutes = 1 hour

Thus, the amount spent in one hour will be:

`(996596)/(1\min )\ast60=59795760`

Therefore, the amount spent in one hour is $59,795,760

2) In one day:

Given:

1 day = 24 hours

Convert 24 hours to minutes

24 hours = 60 x 24 = 1440 minutes

The amount spent in one day will be:

`996596\ast1440=1435098240`

Therefore, the amount spent in one day is $1,435,098,240

3) In one month (30 days):

Given:

30 days = 30 * 24 hours * 60 mins = 43200 minutes

The amount spend in one month will be:

`996596\ast43200=43052947200`

Therefore, the amount spent in one month is $43,052,947,200

4. In one year:

Given:

One year = 12 months * 30 days * 24 hours * 60 mins = 518,400 mins

The amount spent in one year will be:

`996596\ast518400=516635366400`

Therefore, the amount spent in one year is $516635,366,400