SOLUTION: Suppose that gold is selling for 375$/ounce. How many milligrams of gold could you buy for one cent?
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Question 266583: Suppose that gold is selling for 375$/ounce. How many milligrams of gold could you buy for one cent?
Found 2 solutions by ankor@dixie-net.com, Alan3354:
Answer by ankor@dixie-net.com(22740) (Show Source): You can put this solution on YOUR website!
Suppose that gold is selling for 375$/ounce.
How many milligrams of gold could you buy for one cent?
:
1 oz = 28.35 grams which is 28.35 * 1000 = 28,350 milligrams, cost $37500 cents)
:
= .756 milligrams for 1 cent
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
Last time I checked, gold was $1050/ounce
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