Problema Solution
In 1995, 1 British pound was equivalent to 1.5785 Us dollars on average. If you had wanted to exchange $500 US to British pounds in 1995, how much would you received? (rounded to the nearest cent)
Answer provided by our tutors
let 'x' be equal to the pounds that you would have gotten for $500 in 1995
1 : 1.578 = x : 500
by solving we find
x = 316.86 pounds
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