Since there are eight bits in a byte - 5600 Mega bits.
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Oh, dude, seriously? Okay, so 1 MB is 1,024 KB, right? So, to convert 700 MB to KB, you just multiply 700 by 1,024. That gives you 716,800 KB. Boom, math wizard right here!
A 700 MB CD-R is not yet in a Gigabyte. To hit the criteria for a 1 gigabyte storage, it should have 1024 Megabyte.
There is 700 MB of space on a 700 MB CD. With 700 MB of space you can save approximately 70 pictures. A 700 MB CD is not considered a large storage device.