Answer:
Step-by-step explanation:
Remark
This is a proportion question a proportion is 2 equal ratios equated to each othe. If three parts are known the 4 can be found.
Givens
1 oz silver costs 16.08
1 oz Gold costs 1195.80
Silver
16.08/1 = x / 5 Multiply both sides by 5
5*16.08 = 1*x
80.4 =x
Gold
1195.80/1 = x/5
5 * 1195 = 1 * x
5979 = x
Answer
Difference = Cost of Gold - Cost of Silver
Difference = 5979 - 80.4
Answer Difference = 5898.60
