Assignment:
Please help me, I only have one more chance to answer this question! From my calculation I got $103.5 and I rounded to $104 but got the wrong answer. I also tried 103, but still got the wrong answer.
Owing to the rising cost of copper in 1982 the U.S. int changed the composition of pennies from 95% copper (and 5% zinc) to 2.5% copper (and 97.5% zinc) to y. Your favorite aunt has a collection of 4,000 pennies minted before 1982, and she intends on gifting the collection to you. Save mone
a. What is the collection's value based on metal content alone? Copper sells for $3.50 per pound and zinc for $0.75 per pound It takes approximately 130 pre-1 pennies to add up to one pound of total weight
b. if it cost the US Mint $0.017 to produce a penny in 2007, one can say that it is time to eliminate pennies and round off all financial transactions to the nearest 5 cents (nickel). As a matter of interest, it cost the government almost 10 cents to produce a nickel in 2007. What is likely to happen in this situation?
a. Value of metal in collection is 103. (Round to the nearest cent.)