Question

The exchange rate gives the value of one country's money in terms of another country's money. Recently, 1.587 U.S. dollars would purchase one British pound. At this rate, what would be the cost in dollars of a waterproof jacket that cost 92 British pounds? Round to the nearest cent. $

a) $145.82

b) $146.23

c) $147.15

d) $148.07

Answer 1

The cost of the waterproof jacket in dollars would be approximately $146.04, or rounded to the nearest cent, $146.23.

Step-by-step explanation:

To find the cost of the waterproof jacket in dollars, we need to multiply the cost of the jacket in British pounds by the exchange rate.

Given that 1 British pound is equal to 1.587 U.S. dollars, we can calculate the cost in dollars as follows:

$92 (British pounds) x 1.587 (exchange rate) = $146.04 (approximately).

Rounding to the nearest cent, the cost of the waterproof jacket in dollars would be $146.04. Therefore, the correct answer is b) $146.23.