Problem 4
Question
You win the lottery and decide to impress your friends by exhibiting a million-dollar cube of gold. At the time, gold is selling for \(\$ 426.60\) per troy ounce, and 1.0000 troy ounce equals 31.1035 g. How tall would your million-dollar cube be?
Step-by-Step Solution
Verified Answer
The cube would be approximately 15.45 cm tall.
1Step 1: Determine the Total Weight of Gold in Troy Ounces
First, calculate how many troy ounces of gold you would get for a million dollars. Since the price of gold is \( \\(426.60 \) per troy ounce, the number of troy ounces you can purchase with \( \\)1,000,000 \) is calculated as: \[ \text{Total weight in troy ounces} = \frac{1,000,000}{426.60} \approx 2344.34 \text{ troy ounces} \]
2Step 2: Convert Troy Ounces to Grams
Now, convert the total weight from troy ounces to grams using the conversion factor (1 troy ounce = 31.1035 grams). Thus, the total weight in grams is calculated by: \[ \text{Total weight in grams} = 2344.34 \times 31.1035 \approx 72909.74 \text{ grams} \]
3Step 3: Calculate the Volume of Gold
Given that the density of gold is approximately 19.32 grams per cubic centimeter, you can find the volume by using the formula \( \text{Volume} = \frac{\text{Mass}}{\text{Density}} \). Thus: \[ \text{Volume} = \frac{72909.74}{19.32} \approx 3774.78 \text{ cm}^3 \]
4Step 4: Determine the Size of the Cube
Assuming the volume corresponds to a cube, one can find the length of one side by finding the cube root of the volume. Hence, the side length \( s \) is: \[ s = \sqrt[3]{3774.78} \approx 15.45 \text{ cm} \]
5Step 5: Convert the Size to Inches or Feet if Necessary (Optional)
If you prefer expressing the size in inches (given 1 inch is 2.54 cm), convert the length as follows: \[ \text{Side length in inches} = \frac{15.45}{2.54} \approx 6.08 \text{ inches} \]. Alternatively, each side of the cube is about 0.51 feet.
Key Concepts
Converting Troy Ounces to GramsVolume Calculation for CubesUnderstanding the Density of Gold
Converting Troy Ounces to Grams
Converting the weight of gold from troy ounces to grams is essential for understanding and working with measurements in the metric system. A troy ounce is a unit of measure commonly used for precious metals like gold. When working with such measurements, we often need to convert between units.
The conversion from troy ounces to grams is simple but precise. The conversion factor is:
By converting to grams, you can also easily calculate the volume, density, and other properties of the material, since the metric system units are interrelated and easier to work with in mathematical formulas.
The conversion from troy ounces to grams is simple but precise. The conversion factor is:
- 1 troy ounce = 31.1035 grams.
- The calculation would be: 2344.34 × 31.1035 = 72909.74 grams.
By converting to grams, you can also easily calculate the volume, density, and other properties of the material, since the metric system units are interrelated and easier to work with in mathematical formulas.
Volume Calculation for Cubes
Understanding how to calculate the volume of a cube is an essential geometric skill. A cube is a three-dimensional shape with six equal square faces. To find the volume of a cube, use the formula:
- Volume of a cube = side length × side length × side length (or side length cubed, denoted as \(s^3\)).
- Volume = Mass/Density
- Volume = \(\frac{72909.74}{19.32} \approx 3774.78 \text{ cm}^3\)
- Side length = \(\sqrt[3]{3774.78} \approx 15.45 \text{ cm}\)
Understanding the Density of Gold
The density of gold is a key property that defines its behavior and applications. Density is defined as the mass per unit volume, commonly expressed in grams per cubic centimeter (g/cm³) for solids. For gold, this density is approximately 19.32 g/cm³.
Why is understanding the density of gold important?
Why is understanding the density of gold important?
- Indentification: It helps identify pure gold by comparing measured densities.
- Design and Manufacturing: Helps in planning the mass and volume when designing items, ensuring proper weight distribution.
- Valuation: Since gold is often weighed and estimated for value, knowing its density allows for precise calculations of worth and weight.
- Density (\(\rho\)) = \(\frac{Mass}{Volume}\)
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