Question

Use the following information and the table shown. The table shows the exchange rates for certain countries compared to the U.S. dollar on a given day. (TABLE CAN'T COPY) What is the cost of an item in U.S. dollars if it costs 14.99 in British pounds?

Name: Problem 26, Chapter 6: Prealgebra
Uploaded: 2020-05-26T00:48:51-08:00
Duration: 2 min 2 s
Channel: Mary Brese
Description: Use the following information and the table shown. The table shows the exchange rates for certain countries compared to the U.S. dollar on a given day. (TABLE CAN'T COPY) What is the cost of an item in U.S. dollars if it costs 14.99 in British pounds?

   Use the following information and the table shown.
The table shows the exchange rates for certain countries compared to the U.S. dollar on a given day.
(TABLE CAN'T COPY)
What is the cost of an item in U.S. dollars if it costs 14.99 in British pounds?

Prealgebra

Carol E. Malloy,… 1st Edition

Chapter 6, Problem 26

Instant Answer

Solved by Expert Mary Brese

05/26/2020

Step 1

The exchange rate is $1 to £0.531, and we want to find out how many dollars (D) are equivalent to £14.99. So, we write the proportion as follows: \[ \frac{1}{0.531} = \frac{D}{14.99} \] Show more…

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Use the following information and the table shown. The table shows the exchange rates for certain countries compared to the U.S. dollar on a given day. (TABLE CAN'T COPY) What is the cost of an item in U.S. dollars if it costs 14.99 in British pounds?

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Key Concepts

Unit Analysis

Unit analysis is a systematic method used to ensure that calculations involving different units are performed correctly by tracking and converting units throughout the calculation. It helps in verifying that the final result is expressed in the desired unit, such as converting a monetary amount from one currency to another.

Exchange Rate

An exchange rate defines the value of one currency for the purpose of conversion to another. It is the multiplier used to convert the amount of money expressed in one currency to its equivalent value in another, which is essential in international transactions and trade.

Currency Conversion

Currency conversion is the process of changing the value of an amount expressed in one currency to its corresponding value in another currency using the relevant exchange rate. This concept allows for meaningful comparisons and transactions across different monetary systems.

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