00:01
Since we have a price of gold per ounce, we need to convert the given tons into ounces first so that we can figure out the value of this gold.
00:12
So we need some conversion factors.
00:14
One that i know of is we can convert tons to pounds pretty easily.
00:19
There are 2 ,000 pounds, which is abbreviated lbs, in every one ton.
00:26
And notice how i set that up, the units of tons.
00:30
Are diagonal to each other and will cross cancel out.
00:33
That would convert us from tons to pounds.
00:36
Now we need to go to ounces, and there are 16 ounces, abbreviated oz, for every one pound.
00:44
And again, notice how i set those up.
00:47
Pounds, the unit pounds, is diagonal to each other, and we'll cross cancel out...