Math Problem Statement
How much would you receive if you convert the following? Assume that the current exchange rates are: US$1 = C$1.3035, £1 = C$1.6719. a. US$5,000 to Canadian dollars (C$)?
Solution
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Math Problem Analysis
Mathematical Concepts
Currency Conversion
Proportions
Formulas
Amount in CAD = Amount in USD × Exchange Rate
Theorems
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Suitable Grade Level
Grades 6-8
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