Answer:
So the exchange rate is that each dollar is worth 70.4 yens.
Step-by-step explanation:
We have that:
1 euro is priced at $1.25
1 euro will also buy 88 Japanese yen
This also means that:
$1.25 is priced at 88 Japanese yen
How much is the cross rate between the yen and the dollar (yen per dollar exchange rate)?
How much yens is 1 dollar?
This can be solved by a simple rule of three.
$1.25 - 88 yen
$1 - x yen
So the exchange rate is that each dollar is worth 70.4 yens.
Answer:
\\x= P/(c -d)[/tex],
Assume that the price of each minute in the first plan is $c and that the second plan charges a flat rate of $P and a charge of additional $d for every minute.
Step-by-step explanation
Assume that the price of each minute in the first plan is $c and that the second plan charges a flat rate of $P and a charge of additional $d for every minute.
Thus, the monthly cost of a customer who consumes x minutes in each plan is:
For the first plan:
and for the second plan:
Considering that the monthly costs must be the same in each plan, you have to:
\\x= P/(c -d)[/tex].
For example if , Then the number of minutes would be,
and the total cost for each plan would be