Question

Assume that at the current exchange rate, the British pound is worth $1.65 in American dollars. You have some dollar bills and several British pound coins. There are 17 items altogether, which have a total value of $20.25 in American dollars. How many American dollars and how many British pound coins do you have?

Answer 1

So we have $11.64 in American dollars and £5 in British pound coin

Explanation:

To solve this problem, we can use a system of equations. Let x be the number of American dollars and y be the number of British pound coins. Then we have:

x + y/1.65 = 20.25 (since each British pound coin is worth 1.65 American dollars)

x = 17 - y (since there are 17 items altogether)

Substituting the second equation into the first, we get:

(17 - y) + y/1.65 = 20.25

Multiplying both sides by 1.65, we get:

28.05 - y + y = 33.4125

y = 33.4125 - 28.05

y = 5.3625

Therefore, we have 5 British pound coins and:

x = 17 - y = 17 - 5.3625 = 11.6375