Question

When Deion was born, his grandfather gave him a 7.5-gram gold coin as a present. Today, Deion read in the newspaper that a gram of gold is worth $50.04. How much money is the gold coin worth?

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Answer 1

Deion's 7.5 gram gold coin is worth $375.30, calculated by multiplying the weight of the coin by the current price of gold per gram.

Step-by-step explanation:

The value of Deion's gold coin can be calculated by multiplying the weight of the gold coin by the current price per gram of gold. Given that Deion's gold coin weighs 7.5 grams and the current price per gram of gold is $50.04, the total value of the coin is:

Weight of the gold coin = 7.5 grams

Price per gram of gold = $50.04

Value of gold coin = Weight of the gold coin × Price per gram of gold

Value of gold coin = 7.5 grams × $50.04

Value of gold coin = $375.30

The gold coin is therefore worth $375.30.