Question
In 1854, during the California gold rush, each ounce of gold was worth $20, and the largest known mass of gold found in California was worth $62,400 in that year. What was the weight, in pounds, of this mass of gold? (16 ounces = 1 pound)
The correct answer is: 195 pounds.
HINT – Weight of the gold can be calculated by dividing total worth of gold with worth of 1 ounce of gold.
SOLUTION – Worth of each ounce of gold = $ 20
Worth of largest known mass of gold = $ 62400
Weight of the gold =
= = 3120 ounces
It is given that 16 ounces = 1 pound
1 ounce = pound
3120 ounces = pound
= 195 pounds
So, answer is 195 pounds.
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