Calculate the mass in grams of $700 billion worth of gold.?

Question

In 2009, one of the U.S. government’s bailout packages amounted to $700 billion, at a time when gold was valued at $800 per ounce (or $28.20 per gram).

Calculate the mass, in grams, of $700 billion worth of gold. 
If this quantity of gold were shaped into a cube, what would be the length of each side?

Napoleon Gusikowski · Accepted Answer

I&rsquo;m using the American billion&hellip; Since you used $Therefore 700 Billion dollars = 70 x 10^10Therefore (70 x 10^10)/28.80 = 2.4822&hellip;. x 10^10 gramsThe density of Gold (sourced from wikipedia) is 19.30 grams per cm^3Therefore since density = mass/volumeVolume = mass/densityTherefore volume = (2.4822&hellip;. x 10^10)/19.3 = 1286150002 cm^3Therefore one side of the cube would be the cube root of 1286150002 which is 35862.93354 cm or simply 360 metres to 3 sig fig.

Anonymous · Answer

Gold Gram Calculator

Anonymous · Answer

1. Divide $700 billion by $28.20.2. For this, you need to know the density of gold, in grams per cubic centimeter (google it).  Then you can get the volume of the hypothetical cube as:Volume (in cubic centimeters) = (number of grams) / density(You got the &ldquo;number of grams&rdquo; part in question #1).Now if you have a cube with a known volume, its side equals:length of side = cube root of volume.  (use a calculator)If the volume is in &ldquo;cubic centimeters&rdquo;, the length will come out in &ldquo;centimeters&rdquo;.

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Calculate the mass in grams of $700 billion worth of gold.?

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