SOLUTION: Suppose gold is selling at $375/ounce. How many milligrams of gold could you buy for one cent?

Algebra ->  Algebra  -> Test -> SOLUTION: Suppose gold is selling at $375/ounce. How many milligrams of gold could you buy for one cent?      Log On

Ad: Algebra Solved!™: algebra software solves algebra homework problems with step-by-step help!
Ad: Algebrator™ solves your algebra problems and provides step-by-step explanations!

   


Question 213762: Suppose gold is selling at $375/ounce. How many milligrams of gold could you buy for one cent?
Answer by Alan3354(30993) About Me  (Show Source):
You can put this solution on YOUR website!
Suppose gold is selling at $375/ounce. How many milligrams of gold could you buy for one cent?
--------------
1 oz = 28.349523125 grams
= 28349.523125 milligrams
($0.01/$375)*28349.523125 = 0.77599 milligrams
or 776 micrograms
----------
Gold is $995 per ounce, btw