Suppose that on August 14, 2019, an antique woven rug handmade in Canada is priced at CAD 1,100. The approximate U.S. dollar price of the rug would be

Question

asked Jan 9, 2021 230k views

1 Answer

Richard Walters · Answer 1 · 2021-01-16T03:15:38+0000

Answer:

Step-by-step explanation:

Step one:

To tackle this problem we need data from historical chart.

From historical chart, on August 14, 2019, 1 USD is equivalent to CAD 1.3318

Step two:

From the historical data we need to perform conversion on the data to get the USD equivalent of the CAD given in the problem

Hence

if 1 USD = CAD 1.3318 then

x USD = CAD 1,100

by cross multiplying we have

x USD= 1,100/ 1.3318

x USD= 825.95

Hence as at August 14, 2019 CAD 1,100 is USD 825.95