Question

In january of 2006,an ounce of silver sold for $9.50. How much was 3.75 ounces worth at that time?

Answer 1

$35.63

The price for 1 ounce ($9.50) into 3.75 ounces

take the amount for 1 ounce

multiply into the new amount

for one ounce, $9.50, multiplied by 3.75

you get 35.625

since you are trying to find a price you round to the nearest 100th

leading to $35.63