While digging for buried treasure, chi finds 9 3/4 lb of gold coins. If the price of gold is $806 per ounce, what is the value of the coins
To find the value of the gold coins, we need to convert the weight from pounds to ounces and then calculate the total value using the given price of gold.
Step 1: Convert pounds to ounces
Since there are 16 ounces in 1 pound, we can multiply the weight in pounds by 16 to get the weight in ounces.
9 3/4 lb = 9.75 lb * 16 = 156 ounces
Step 2: Calculate the value
Now that we have the weight in ounces, we can multiply it by the price of gold per ounce.
Value = 156 ounces * $806/ounce
To calculate this value, we simply multiply 156 by 806.
Value = 125,736
Therefore, the value of the gold coins is $125,736.