Question

If gold is selling for 675 dollars an ounce, what is the value of 1.00 `i n^3` of pure gold given that the density of gold is 19.3 `g/(cm^3)`?

Answer 1

`value = 7530.3 dollars`

Explanation:

1 in `= 2.54 cm`
1 in^3 `= 2.54xx2.54xx2.54 cm^3 = 16.387 cm^3`
`16.387xx19.3=316.2691 grams`
`1 ounce =28.3495 grams`

`316.2691/28.3495=11.156 ounce`

`value =11.156xx675=7530.3 dollars`