Math

QuestionWhat is the cost of a 2.3 thousand GBP ticket in U.S. dollars at the exchange rate of 1 \$ = 0.82 GBP? Round to the nearest dollar. Show calculations.

Studdy Solution

STEP 1

Assumptions1. The cost of the ticket is.3 thousand GBP. The current exchange rate is1 U.S. dollar =0.82 GBP3. We need to round the final answer to the nearest whole dollar

STEP 2

First, we need to convert the cost of the ticket from thousand GBP to GBP.
CostinGBP=CostinthousandGBPtimes1000Cost\, in\, GBP = Cost\, in\, thousand\, GBP \\times1000

STEP 3

Now, plug in the given value for the cost in thousand GBP to calculate the cost in GBP.
CostinGBP=2.3times1000Cost\, in\, GBP =2.3 \\times1000

STEP 4

Calculate the cost in GBP.
CostinGBP=2.3times1000=2300GBPCost\, in\, GBP =2.3 \\times1000 =2300\, GBP

STEP 5

Now that we have the cost in GBP, we can convert this to U.S. dollars using the given exchange rate.CostinU.S.dollars=CostinGBP/ExchangerateCost\, in\, U.S.\, dollars = Cost\, in\, GBP / Exchange\, rate

STEP 6

Plug in the values for the cost in GBP and the exchange rate to calculate the cost in U.S. dollars.
CostinU.S.dollars=2300GBP/0.82GBP/USDCost\, in\, U.S.\, dollars =2300\, GBP /0.82\, GBP/USD

STEP 7

Calculate the cost in U.S. dollars.
CostinU.S.dollars=2300GBP/0.82GBP/USD=2804.88USDCost\, in\, U.S.\, dollars =2300\, GBP /0.82\, GBP/USD =2804.88\, USD

STEP 8

Now that we have the cost in U.S. dollars, we need to round this to the nearest whole dollar.
CostinU.S.dollars=round(2804.88USD)Cost\, in\, U.S.\, dollars = round(2804.88\, USD)

STEP 9

Calculate the rounded cost in U.S. dollars.
CostinU.S.dollars=round(2804.88USD)=2805USDCost\, in\, U.S.\, dollars = round(2804.88\, USD) =2805\, USDThe cost of the ticket in U.S. dollars is $2805.

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