Answer:
The amount of Kroner that can be bought from 1/5 of one dollar.
Step-by-step explanation:
We have been given that goods that cost 1/5 of one dollar in the U.S. cost one kroner in Denmark. We are asked to find the the real exchange rate that would be computed as how many Danish goods per U.S. goods.
The real exchange rate tells us how much foreign currency can be exchanged for a unit of domestic currency.
It also tells us that how much the goods and services in the domestic country can be exchanged for the goods and services in a foreign country.
Therefore, the real exchange rate would be the amount of Kroner that can be bought from 1/5 of one dollar.
Answer:
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If it takes 20 minute to get to the airport, and he wants to be there an hour and 5 minutes before his flight leaves, we have to subtract the time he leaves (9:50) by 1 hour and 5.
9:50 - 1 hour and 5 minutes.
9:50 - 65 minutes.
9:50 - 65 = 8:45.
Which means he must be at the airport at 8:45.
BUT,
The question is asking for the latest time that Quincy can LEAVE for the airport, which means it's 8:45 - 20 minutes, since it takes 20 minutes to get to the airport:
8:45 - 20 = 8:25
40-4x=2/3x-10
50=14/3x
150/14=x
75/7=x
