The relative value of currencies fluctuates every day. Assume that one Canadian dollar is worth 0.9765 U.S. dollars.
(a) Find a function f that gives the U.S. dollar value f(x) of x Canadian dollars.
f(x) =
(b) Find f⁻¹. (Round coefficients to four decimal places.)
f⁻¹(x) =
What does f⁻¹ represent?
f⁻¹ represents the Canadian dollar value of US dollars.
f⁻¹ represents the exchange rate from US dollars to Canadian dollars.
f⁻¹ represents the exchange rate from Canadian dollars to US dollars.
f⁻¹ represents the US dollar value of Canadian dollars.
(c) How much Canadian money would $14,250 in U.S. currency be worth? (Round your answer to two decimal places.)