Over a period of 120 years Bendigo produced 700 tonnes of gold. With todat's value at around $1200 per ounce what is the value of Bendigo's gold production?
+6251 Over a period of 120 years Bendigo produced 700 tonnes of gold. With todat's value at around $1200 per ounce what is the value of Bendigo's gold production?
\(value = 700 ton\times ( 2,204.6lb/ton)\times (16oz/lb) \times (1200dollars/oz)=\$29,629,824,000\)
I guess the trick is to note that tonnes refers to 2000kg not lbs.
