Huffingtonman2757 Huffingtonman2757
  • 09-12-2020
  • Business
contestada

If British pounds sell for $1.30 (U.S.) per pound, what should dollars sell for in pounds per dollar?

Respuesta :

AbsorbingMan AbsorbingMan
  • 10-12-2020

Solution :

British pound is the name of the currency of the country England.

It is given that the value of one British pound is $ 1.30 in terms of dollar.

i.e. $ 1.30 = 1 Pound

Now calculation for the dollar sells for in pounds per dollar is given by :

[tex]$1 \text{ dollar} = \frac{1}{1.30} \ \text{pound}$[/tex]

[tex]$1 \text{ dollar} = 0.76 \text{ pound}$[/tex]

Therefore, 1$  is 0.76 pound.

Thus, 1 dollar sells for in 0.76 pound per dollar.

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