Questions: You arrive in London with 380. How many pounds can you buy? You can buy pounds with 380. (Simplify your answer. Round to two decimal places as needed.)

You arrive in London with 380. How many pounds can you buy?

You can buy pounds with 380.
(Simplify your answer. Round to two decimal places as needed.)

Transcript text: You arrive in London with $\$ 380$. How many pounds can you buy? You can buy $\square$ pounds with $\$ 380$. (Simplify your answer. Round to two decimal places as needed.)

Solution

Solution Steps

To solve this problem, we need to convert US dollars to British pounds using the given exchange rate. First, identify the exchange rate from the table (which is not provided here, so we'll assume a hypothetical rate). Then, divide the amount in dollars by the exchange rate to find the equivalent amount in pounds. Finally, round the result to two decimal places.

Step 1: Identify the Exchange Rate

Given the exchange rate $ 1 \, \text{USD} = 0.75 \, \text{GBP} $.

Step 2: Calculate the Amount in Pounds

To find the amount in pounds, we use the formula: \[ \text{GBP} = \text{USD} \times \text{Exchange Rate} \] Substituting the values: \[ \text{GBP} = 380 \, \text{USD} \times 0.75 \, \text{GBP/USD} = 285.0 \, \text{GBP} \]

Step 3: Round the Result

The amount in pounds is already in a suitable format, so we round it to two decimal places: \[ \text{GBP} = 285.00 \, \text{GBP} \]