Answer
\[\underline{6.022\times {{10}^{21}}\text{ dollars}}\] and \[\underline{9.266\times {{10}^{11}}\text{ dollars}}\]
Work Step by Step
1 penny represents \[\frac{1}{100}\text{ dollar}\]. Calculate the total amount of money as follows:
\[\begin{align}
& \text{Total money}=\text{Avogadro}\text{s number}\times \frac{1}{100}\text{ dollar} \\
& =6.022\times {{10}^{21}}\text{ dollars}
\end{align}\]
Calculate the money received by each individual as follows:
\[\begin{align}
& \text{Money recieved by each individual}=\frac{6.022\times {{10}^{21}}\text{ dollars}}{\text{7}\text{.0 billion}} \\
& =\frac{6.022\times {{10}^{21}}\text{ dollars}}{7.0\times {{10}^{9}}} \\
& =8.6\times {{10}^{11}}\text{ dollars}
\end{align}\]
Therefore, each individual will be a billionaire.
The total amount of money is \[\underline{6.022\times {{10}^{21}}\text{ dollars}}\] and the share of each person is \[\underline{8.6\times {{10}^{11}}\text{ dollars}}\].
