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Suppose that silver is selling for $261 / lb. How many grams of silver could you buy for one dollar?

asked
User Kadamb
by
7.9k points

1 Answer

5 votes

Answer:

1.74 grams

Explanation:

To determine how many grams of silver you can buy for one dollar, we need to convert the price of silver from dollars per pound to dollars per gram. Here's how you can calculate it step-by-step: 1. Convert the price of silver from dollars per pound to dollars per gram. Since there are 453.592 grams in a pound, divide the price per pound by this conversion factor: $261 / lb ÷ 453.592 g/lb = $0.5750 / g. 2. The result, $0.5750 per gram, represents the cost of one gram of silver. 3. To find out how many grams of silver you can buy for one dollar, divide one dollar by the cost per gram: $1 / $0.5750/g = 1.74 g. Therefore, you can buy approximately 1.74 grams of silver for one dollar, given that the price of silver is $261 per pound.

answered
User Taulant
by
7.6k points
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