Question:

A U.S. 1-cent coin (a penny) has a diameter

Last updated: 7/10/2022

A U.S. 1-cent coin (a penny) has a diameter

A U.S. 1-cent coin (a penny) has a diameter of 19 mm and a thickness of 1.5 mm. Assume the coin is made of pure copper, whose density and approximate market price are 8.9 g/cm³ and $2.85 per pound, respectively. Calculate the value of the copper in the coin, assuming its thickness is uniform. Express your answer in dollars to two decimal places.