Math Problem Statement

Use the currency exchange rates in the table for the following question. Your dinner in London cost 95 British pounds. How much was it in U.S.​ dollars? Currency Dollars per Foreign Foreign per Dollar

British pound 1.356 0.7376 Canadian dollar 0.7828 1.277 European euro 1.225 0.8165 Japanese yen 0.009694 103.2 Mexican peso 0.05035 19.86

Solution

To convert the cost of your dinner from British pounds to U.S. dollars, we can use the exchange rate provided in the table. According to the table, the exchange rate for British pounds to U.S. dollars is 1.356 dollars per pound.

You spent 95 British pounds, so to find the equivalent in U.S. dollars, we multiply the amount in pounds by the exchange rate:

95pounds×1.356dollarspound=128.82dollars95 \, \text{pounds} \times 1.356 \, \frac{\text{dollars}}{\text{pound}} = 128.82 \, \text{dollars}

So, your dinner cost $128.82 in U.S. dollars.

Would you like further details or have any questions?
Here are 5 related questions to expand on this information:

  1. What would the dinner cost in Canadian dollars using the same conversion method?
  2. If the exchange rate changes to 1.4 dollars per British pound, how much would the dinner cost in U.S. dollars?
  3. How would you convert U.S. dollars back to British pounds?
  4. What would be the cost of a similar dinner in Tokyo in Japanese yen?
  5. How can you calculate the percentage increase if the exchange rate for British pounds rises?

Tip: Always check the latest exchange rates before making conversions, as they can fluctuate regularly.

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Math Problem Analysis

Mathematical Concepts

Currency Conversion
Multiplication

Formulas

Amount in foreign currency × exchange rate = Amount in domestic currency

Theorems

Proportionality Theorem

Suitable Grade Level

Grades 6-8