Solved on Nov 13, 2023

Exchange rate between USD and PHP is directly proportional. 850850 USD converts to 44,729.5544,729.55 PHP. Find the constant of proportionality kk, and the PHP amount for 1,4001,400 USD.
k=52.621\mathrm{k} = 52.621
PHP=73,669.55PHP = 73,669.55

STEP 1

Assumptions1. The exchange rate between USD and PHP is constant. . The amount of PHP received is directly proportional to the amount of USD to be exchanged.
3. The given exchange rate is850 USD to44,729.55 PHP.

STEP 2

We can express the direct proportionality as a mathematical equation. Let's denote the amount of USD as xx and the amount of PHP as yy. The constant of proportionality is kk.
y=kxy = kx

STEP 3

We can find the constant of proportionality kk by rearranging the equation to solve for kk.
k=yxk = \frac{y}{x}

STEP 4

Now, plug in the given values for xx (USD) and yy (PHP) to calculate kk.
k=44,729.55850k = \frac{44,729.55}{850}

STEP 5

Calculate the value of kk.
k=44,729.5585052.623k = \frac{44,729.55}{850} \approx52.623Rounding to three decimal places, k52.623k \approx52.623.

STEP 6

Now that we have the constant of proportionality kk, we can use it to find the amount of PHP given that we have1,400 USD to convert. We can do this by multiplying the amount of USD by kk.
PHP=k×USDPHP = k \times USD

STEP 7

Plug in the values for kk and USD to calculate the amount of PHP.
PHP=52.623×1,400PHP =52.623 \times1,400

STEP 8

Calculate the amount of PHP.
PHP=52.623×1,40073,672.20PHP =52.623 \times1,400 \approx73,672.20Rounding to two decimal places, you will receive approximately73,672.20 PHP for1,400 USD.

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