Final answer:
To convert pounds to dollars, multiply the amount in pounds by the conversion rate. To convert dollars to pounds, divide the amount in dollars by the conversion rate.
Step-by-step explanation:
To convert pounds to dollars, you can multiply the amount in pounds by the conversion rate. In this case, if 1 pound is equivalent to 1.62 dollars, you can calculate the amount in dollars by multiplying 650 pounds by 1.62:
650 pounds × 1.62 dollars/pound = 1053 dollars
To convert dollars to pounds, you can divide the amount in dollars by the conversion rate. In this case, if 1 pound is equivalent to 1.62 dollars, you can calculate the amount in pounds by dividing 405 dollars by 1.62:
405 dollars ÷ 1.62 dollars/pound = 250 pounds