Math Problem Statement

An ancient gold coin is 1.7 cm in diameter and 2.7 mm thick. It is a cylinder for which volume = (πœ‹) (radius)2 (thickness). The density of gold is 19.3 g/cm3, and the mass of the coin is 12 grams. Assume a price of gold of $450/troy ounce. How much is the gold in the coin worth? (1 troy ounce = 31.10 g; πœ‹ = 3.14159)

Solution

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Math Problem Analysis

Mathematical Concepts

Geometry
Volume of a Cylinder
Density
Unit Conversions
Proportional Reasoning

Formulas

Volume of a Cylinder: V = Ο€ * r^2 * h
Density: Density = Mass / Volume
Price per gram of gold = Price per troy ounce / grams per troy ounce

Theorems

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Suitable Grade Level

Grades 10-12