Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are relaxing at home, working on your coin collection. You have learned that collectible coins are sometimes plated with gold to enhance their beau

You are relaxing at home, working on your coin collection. You have learned that collectible coins are sometimes plated with gold to enhance their beau and value. On an online site that sells collectible coins, you see a commemorative quarter-dollar advertised for sale at $4.98. The information on the sit says that the coin has a diameter of 24.6mm and a thickness of 2.08mm, and it is completely covered with a layer of pure gold 0.165m thick. You kr that gold is a valuable asset and you come up with a scheme by which you would separate the gold from the base coin and sell the gold at the current market price. You begin your scheme by buying the advertised coin at $4.98.(Assume the density of gold is 19.3gcm3.)
(a) What is the value of the gold for a single such cqin (in cents)? Assume that the price of gold is $45.00 per gram.
(b) What If? What would be the cost (in dollars) of the gold to produce the coin if the coin were made entirely of gold? $
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction to Electrodynamics

Authors: David J. Griffiths

3rd Edition

978-0138053260, 013805326X, 8120316010, 978-8120316010

More Books

Students also viewed these Physics questions

Question

How do you monitor the effectiveness of the coaches?

Answered: 1 week ago