Question

An individual in the US wants to buy office equipment from England which costs 2,000 pounds. If the exchange rate is 1pound=$1.9, how much will the office equipment cost him in dollar terms? a. ​$1052 b. ​$2,000 c. ​$3,800 d. ​$2,800

Answer 1

Given:

Cost of the office equipment in pounds = 2000

Value of 1 pound in dollars as per exchange rate = 1.9

To find:

The cost of the office equipment in dollars

Solution:

If 1 pound is 1.9 dollars, then 2000 pounds will be as follows,

$\Rightarrow\text{1 pound}\rightarrow\text{1.9 dollars}\\\\ \Rightarrow\text{2000 pounds}\rightarrow1.9\times2000 \text{ dollars}=3800 \text{ dollars}\\\\ \therefore \text{The value will be 3800 dollars}$

So, the correct option is Option c, that is $3800.