Question

You are working as an office apprentice for the bksb Newcastle Arena.

The current exchange rate for US dollars ($) to British pounds (£) is this:

$1.54 : £1

The American folk band, Patriots & Banjos, only accepts payment for concerts in US dollars. The agreed fee was £12,000.

How many dollars will the arena have to pay them?

Answer 1

$18480

Explanation:

We are given that The current exchange rate for US dollars ($) to British pounds (£) is this: $1.54 : £1

Now ,

The American folk band, Patriots & Banjos, only accepts payment for concerts in US dollars.

The agreed fee was £12,000.

$1.54 : £1

So, fees in dollars =
`12000 * 1.54=18480`

Hence the arena have $18480 to pay them

Answer 2

`18480\\` dollar

Explanation:

`1\\` Euro is equal to $
`1.54\\`

The agreed fee is Euro
`12000`

Fees in dollars

`= 12000 * 1.54\\= 18480\\` dollar