The $700 million story, here is why we deleted it: I do not know whether the news is true or not, but I really wonder who is being economically or numerically illiterate here. So please come with me... Note that: 1 inch = 2.54 cm = 25.4 mm 1 foot = 12 inches The $700 million in question will probably have come in $100 bills (the largest common denominator in circulation), or 7 million such notes. Current small-size US dollar bill is reportedly 6.14 inches (156 mm) by 2.61 inches (66 mm) by 0.0043 inches (0.11 mm) [ en.wikipedia.org/wiki/United_States_dollar] Assuming the same size for a 100 dollar bill, 7 million notes will be 6.14 x 2.61 x 0.0043 x 7,000,000 /(12x12x12) = 279 cubic feet So how big is a 279 cubic feet room to store such a load of money? Not too big! Height of a room is typically 9 feet, so the floor area to store the money from floor to ceiling would be 31 square feet - or a floor space measuring 5.6 feet by 5.6 feet square. So if you lay two xxxxxxxx on the ground, perpendicular to each other, head touching head, one pair of feet against two perpendicular walls, and stack the space between them ceiling high, you would accommodate $700 million in $100 dollar notes very easily. That is elementary, my dear Watson. And there you have it....it is eminently possible to store $700 million in $100 notes in a rather small fraction of a big room. Bolaji Aluko
Posted on: Mon, 26 Jan 2015 04:20:13 +0000
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