In: Chemistry
A 1960 silver quarter is found to have a mass of 6.25 grams. On a given day, the value of silver is $17.32 per ounce. How much is this coin worth if the coin is 92% silver?
Ans. Mass of pure silver = 92% of mass of coin
= 92% of 6.25 g
= 0.92 x 6.25 g
= 5.75 g ; [1 g = 0.2028253 oz]
= 5.75 x (0.035274 oz)
= 0.2028253 oz
# Value of solver coin = Rate of silver x Mass of solver in coin
= ($17.32 / oz) x 0.2028253 oz
= $3.513
Hence, value of silver coin = $3.513