(a)
To calculate: The number of pound in the US dollar provided as 2,500 round it off to nearest pound when you are on a trip in London and you need to exchange the 25,00 US dollars for British pound.
(b)
To calculate: The number of Canadian dollars in the British pound provides as 800, round it off to nearest cent, when you have finished your business in London and you have left 800 pounds.
(c)
To calculate: The number of US dollar in the Canadian dollar provides as 375 and round it off to nearest cent if you have just completed your business in Canada and you are left with 375 Canadian dollars.
(d)
The best price to buy the camera among the prices provided as 358 US dollar, 266 British pound and 362 Canadian dollars, when you are in US and going for the business trip in London and Toronto- Canada.
Want to see the full answer?
Check out a sample textbook solutionChapter 3 Solutions
Contemporary Mathematics for Business & Consumers
- If a household has 3 members, and has an annual income of $100,000, predict this household’s monthly spending.arrow_forwardPart 2: does the college student or the university student have a higher debtarrow_forwardPart 3. Look at Account 1 and Account 2 and fill in the missing amounts for Day 6, Day 15, and Day N. Describe what is happening in each account. Day 3 Amount in Account 1 Amount in Account 2 Day 1 Day 2 $3.00 $6.00 Day 4 Day 5 $9.00 $12.00 $15.00 $3.00 $9.00 $27.00 $81.00 $243.00 Day 6 ...Day 15 ...Day Narrow_forward
- The average price for regular gasoline in Toronto is $1.35 per liter, or L (in Canadian dollars, as of April 2014). Part A: The exchange rate between the US and Canada varies continuously. Assume that, in April 2014, the rate was US$ 0.98 for each Canadian dollar. Determine the cost in U.S. dollars (US$) for 1 L of gasoline in Toronto. Round to the nearest cent..arrow_forwardMoney markets are markets for Foreign stocks. Consumer automobile loans. U.S. stocks. Short-term debt securities. Long-term bonds.arrow_forward….……………….……………………... ..………..….. In an effort to reduce its inventory, a warehouse runs a sale on its least popular Blu-ray discs. The sales rate (discs sold per day) on day t of the sale is predicted to be 70/t (for t≥ 1), where t = 1 corresponds to the beginning of the sale, at which time none of the inventory of 200 discs had been sold. (a) Find a formula for the total number of discs sold up to day t. C(t) = (b) Will the store have sold its inventory of 200 discs by day t = 70? Yes O Noarrow_forward
- The cost of technology-related products tends to decrease over time, unlike the cost of food, which tends to increase, according to the consumer price index. a) A graphing calculator sells for $184.99 in 2001. How much would it sell for in 2007 if the rate of decrease is 5.5%? b) The cost of a 4-L bag of milk is $3.69 in 2001. How much would you pay for the milk in 4 years if the expected average increase in the consumer price index for food is 3.2%?arrow_forwardAlthough Social Security is a problem, some projections indicate that there's a much bigger time bomb ticking in the federal budget, and that's Medicare. In 2000, the cost of Social Security was 5.48% of the gross domestic product, increasing by 0.04% of the GDP per year. In 2000, the cost of Medicare was 1.84% of the gross domestic product, increasing by 0.17% of the GDP per year. (Source: Congressional Budget Office) a. Write a function that models the cost of Social Security as a percentage of the GDP x years after 2000. b. Write a function that models the cost of Medicare as a percentage of the GDP x years after 2000. c. In which year will the cost of Medicare and Social Security be the same? For that year, what will be the cost of each program as a percentage of the GDP? Which program will have the greater cost after that year?arrow_forwardAccording to the table below, which of these is a possible taxable income for a married couple filing jointly in the 33% federal income tax bracket?arrow_forward
- Discrete Mathematics and Its Applications ( 8th I...MathISBN:9781259676512Author:Kenneth H RosenPublisher:McGraw-Hill EducationMathematics for Elementary Teachers with Activiti...MathISBN:9780134392790Author:Beckmann, SybillaPublisher:PEARSON
- Thinking Mathematically (7th Edition)MathISBN:9780134683713Author:Robert F. BlitzerPublisher:PEARSONDiscrete Mathematics With ApplicationsMathISBN:9781337694193Author:EPP, Susanna S.Publisher:Cengage Learning,Pathways To Math Literacy (looseleaf)MathISBN:9781259985607Author:David Sobecki Professor, Brian A. MercerPublisher:McGraw-Hill Education