Question

Bill and Gwyll are going to the on holiday to the USA

Bill changes 450 pounds from his bank and gets $729
Gwyll changes 500 pounds and gets $780
a) What exchange rate did Bill get from his bank? 1POUND =$?
b) What exchange rate did Gwyll get from his bank 1POUND =$?
Who got the better deal?

Answer 1

Bill received an exchange rate of $1.62 per pound while Gwyll received an exchange rate of $1.56 per pound. Therefore, Bill got the better deal as his exchange rate was higher.

Step-by-step explanation:

To find the exchange rate that Bill and Gwyll got for converting pounds to dollars, we can use a simple formula that divides the amount of dollars they received by the amount of pounds they changed.

Bill's Exchange Rate

Bill exchanged £450 and received $729. The exchange rate for Bill can be calculated as follows:

Exchange rate = $729 / £450 = $1.62

So, Bill got an exchange rate of $1.62 for every pound.

Gwyll's Exchange Rate

Gwyll exchanged £500 and received $780. The exchange rate for Gwyll can be calculated similarly:

Exchange rate = $780 / £500 = $1.56

Gwyll got an exchange rate of $1.56 for every pound.

Comparing the two exchange rates, Bill got the better deal as he received a higher amount of dollars for each pound.

Answer 2

Bill

Step-by-step explanation:

1) we need to divide the dollars by the pounds to get the unit rate:

729/450=$1.62/1 pound(this is Bills exchange rate)

780/500= $1.56/1 pound(Gwens exchange rate)

1.62>1.56 so Bill has the better deal

hope this helps