That number doesn't exist.
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No. That would normally be called "gazillion", though some other names, also ending in "-illion", are also used. It's a more or less silly expression, which means "a very large number", in imitation of names such as million, billion, etc.
1:1950
1 dollar
1% of 10000 = 10000*1/100 = 100
No. 1/2 is twice as much as 1/4.