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My steps so far:

1. I converted p=7.60g/cm3 to p=.76kg/m3.

2. I drew a free-body diagram, taking the buoyant force upwards as positive and the weight of the ball as negative, and set this equal to the mass of the ball times some acceleration:

F(buoyant)-mg=ma

3. I also know that the buoyant force = density(fluid) * Volume(fluid displaced) * gravity, as well as density(ball)=mass(ball) * Volume(ball). I rewrote the above equation to take this into account:

[p(fluid)*V(fluid)*gravity]-[p(ball)*V(ball)*gravity]=p(ball)*V(ball)*a

4. Since we know that the volume of the fluid displaced equals the volume of the ball, then all of the V's in the above equation are equal and will cancel out:

[p(fluid)*gravity]-[p(ball)*gravity]=p(ball)*a

5. This reduces to:

[gravity(p(fluid)-p(ball)]/p(ball)=a

6. Plugging in my numbers, I get a=12884.93684 m/s^2. This is apparently incorrect. Also taking the negative of this number doesn't work (in case they wanted a negative acceleration). Are my steps/thinking correct here? Any help is greatly appreciated!