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