Volume and capacity are both volumes.
Capacity is the volume inside a container (ie how much space there is in it, or alternatively expressed as how much it can hold when full) whereas the volume of a container is the amount of space it itself takes up.
For example, a crate that is made from 1 cm thick wood that is 100cm x 50cm x 50cm on the outside has:
volume = 100cm x 50cm x 50cm = 250000 cm3 = 250 litres
capacity = 98cm x 48cm x 48cm = 225792 cm3 ≈ 226 litres
(Each wall is 1 cm think, so the inside length is 100cm - 1cm (for one wall) - 1 cm (for the wall at the other end) = 100cm - 2cm = 98cm, etc)
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Capacity is the same as the volume of the inside of a container. Often, in mathematical exercises, the internal and external volumes are assumed to be the same (ie thickness of the container is zero). In this case, the capacity is the same as the internal or external volume.
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The volume of a cube of 5cm is: 125 cm3
A standard drinking straw is a cylinder. The formula for calculating the volume of a cylinder is: Pi x r2 x length. So, a drinking straw that is 9.5 inches long with a diameter of .25 inches (1/4 inch) has a volume calculated like this:Pi (3.1416) x radius squared (.1252 = 0.015625) x length (9.5) = 0.46633125 cubic inches
The volume is 904.78 units3