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Some details you may want to know: pi indicates the ratio of the circumference to the diameter in a circle; pi is irrational (you can't express it as the ratio of two integers) and trascendental (nor as the solution of a polynomial equation). Irrational also means that the digits won't repeat indefinitely. With trigonometric formulae and powerful computers, pi has already been calculated to over a billion digits. Knowing these digits, by itself, has no practical application.

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