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This question is solved using proportions, and doing this, it is found that Evan gets 5 Chinese yuans for every Australian dollar.
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- Evan budgeted $60 for the taxi ride.
- He went $15 over, thus, the taxi ride cost $75.
- In Chinese yuans, the cost was 375.
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75 dollars are worth 375 yuans. How much yuans is a dollar worth?
1 dollar - x yuans
75 dollars - 375 yuans
Applying cross multiplication:
Evan gets 5 Chinese yuans for every Australian dollar.
A similar question is given at brainly.com/question/23352001
Answer:
balance after 4 years = $4502
Step-by-step explanation:
Formula to get the final amount when compounded annually is,
Final amount =
Here, r = rate of interest
n = number of compounding per year
t = Duration of investment
From the given question,
Final amount =
=
= 4502.0352
≈ $4502
Therefore, balance after 4 years = $4502