Answer:
The gain is of $17.50
Step-by-step explanation:
When you buy the bond the exchange rate is $1.50 = £1.
You pay £45 = =$67.50 for the British bond.
No, you sell the bond for £50 and the exchange rate is $1.70 = £1.
So, you earned dollars
Your gain is = $17.50
The system of inequalities is: and
<em><u>Explanation</u></em>
Let be the amount of live bait and
be the amount of natural bait.
As John would like to get at least 3 pounds of live bait, so the first inequality will be:
Given that, price of live bait is $12 per pound and natural bait is $7 per pound. Also, he only has a budget of $63. That means, he can spend maximum $63
So, the cost for buying pound of live bait
and the cost for buying
pound of natural bait
Thus, the second inequality will be:
Answer:
Step-by-step explanation:
hope this helps
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