Ask question

Ask question

All categories

3 years ago

12

Suppose that the exchange rate from U.S. dollars to Canadian dollar is 1 U.S. dollar per 1.0028 Canadian dollars. Joey exchanges

$375 Canadian dollars for US dollars at this rate. How many US dollars will Joey receive?

1 answer:

Svetradugi [14.3K]3 years ago

4 0

Answer:

373,952 dollars

Step-by-step explanation:

375/1,0028

You might be interested in

A student is building a parallelogram- shaped deck with a base of (4x + 3) feet and a height of (3x - 2) feet. Which polynomial

timurjin [86]

Answer:

F

Step-by-step explanation:

see attached image above

8 0

3 years ago

Read 2 more answers

You want $5000 4 years from nowfor a down payment for a car. How much money must be deposited monetly into an account earning 4.

timama [110]

Answer:

$95.5090 must be deposited monthly

Step-by-step explanation:

From the information given:

The annual interest rate (r) = 4.2% = 0.042

Let assume that an amount Y is deposited, then after one month, it will increase to:

$Y ( 1+ \dfrac{0.042}{12})$

The total amount after 4 years will be:

$= Y ( 1+ \dfrac{0.042}{12})^{48}+Y ( 1+ \dfrac{0.042}{12})^{47} +Y ( 1+ \dfrac{0.042}{12})^{46} +...+ Y ( 1+ \dfrac{0.042}{12})$

$= Y ( 1.0035)^{48}+Y ( 1.0035)^{47} +Y( 1.0035)^{46} +...+ Y( 1.0035)$

Using the sum of a geometric progression:

$= Y (1.0035) \dfrac{ (1.0035^{48}-1)}{(1.0035-1)}$

$= Y (1.0035) \dfrac{ (1.0035^{48}-1)}{0.0035}$

The above amount is then equal to $5000

i.e

$= Y (1.0035) \dfrac{ (1.0035^{48}-1)}{0.0035} = 5000$

$Y = \dfrac{5000\times 0.0035}{(1.0035)(1.0035^{48}-1)} \\ \\ \mathbf{Y = \$95.5090}$

8 0

3 years ago

Mrs. Davis went to a produce market to buy bananas and strawberries. She spent $8.00. If the bananas were $0.50 per pound, and t

9966 [12]

9514 1404 393

Answer:

4 pounds

Step-by-step explanation:

Let b represent the pounds of bananas Mrs. Davis bought. The weight of strawberries would be (7-b) and their cost would be 4×0.50 = 2.00 per pound. Her total purchase was ...

0.50b + 2.00(7 -b) = 8.00

-1.50b +14 = 8 . . . . simplify

6 = 1.50b . . . . . . add 1.50b -8

4 = b . . . . . . . . divide by 1.50

Mrs. Davis bought 4 pounds of bananas.

7 0

2 years ago

What is the answer. Shawn pays $1.75 for a school lunch on days when he doesn't bring his own lunch to school. One week he bough

katen-ka-za [31]

Answer:

C. 3.50

Step-by-step explanation:

He bought a lunch two times, so $1.75*2 = 3.50.

5 0

3 years ago

A container holds 13 quarts of water. How much is this in gallons?

patriot [66]

Answer:

3 1/4 gallons or 3.25 gallons

Step-by-step explanation:

6 0

3 years ago