Question

In 2010, 1 Canadian dollar cost .56 British pounds and in 2012 it cost .63 British pounds. How much would 1 British pound purchase in Canadian dollars in 2010 and 2012? 2010: 1.78 dollars, 2012: 1.57 dollars 2010: 1.79 dollars, 2012: 1.59 dollars 2010: 1.87 dollars, 2012: 1.65 dollars 2010: 1.97 dollars, 2012: 1.75 dollars

Answer 1

2010: 1.79 dollars, 2012: 1.59 dollars

Explanation:

In 2010,

1 Canadian dollar = .56 British pounds.

We want to find how many pounds go into a dollar, so we somehow have to make the equation equal to 1 pound. To do this, we can multiply the amount of pounds by its reciprocal to equal 1. To find the reciprocal of a number, we simply divide 1 by it. For .56, this is (1/.56). Therefore, we can multiply both sides by (1/.56) to get

1.79 Canadian dollars = 1 British pound

Similarly, for 2012, we have 1 dollar = .63 pounds. Multiplying both sides by 1/.63, we get

1.59 Canadian dollars = 1 British pound