2006-09-23 08:57:15 · 4 answers · asked by John R 1 in Science & Mathematics ➔ Other - Science
gold is valued at 589$ per troy oz as of the 9/22/06 price fix. That means there are 169.8 troy oz in $100,000 of gold. There are 14.58333 troy ozs. in one standard pound. So there are 11.64 Lbs in $100,000 in gold.
2006-09-23 09:09:06 · answer #1 · answered by Anonymous · 1⤊ 0⤋
simple algebra, at $600/ounce 100,000/600=166.667 ounces/16=a little over 10 lbs
2006-09-23 16:00:53 · answer #2 · answered by Sleeping Troll 5 · 0⤊ 0⤋
Hi. About 170.125893 ounces.
2006-09-23 16:00:25 · answer #3 · answered by Cirric 7 · 0⤊ 0⤋
about 12 pounds
$100,000/$587.30 per Troy oz. = 170.27... Spot price close Fri.
170.27... Troy oz X 31.103grams per Toz = 5295.93... grams
5295.93...grams/28.35 grams per oz = 186.80... oz
186.80... oz/ 16 oz per # = 11.68 lbs (11.6753)
2006-09-25 04:49:20 · answer #4 · answered by Intersect 4 · 0⤊ 0⤋