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Suppose that on August 14, 2019, an antique woven rug handmade in Canada is priced at CAD 1,100. The approximate U.S. dollar price of the rug would be

User Yixuan
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1 Answer

3 votes

Answer:

USD 825.95

Step-by-step explanation:

Step one:

To tackle this problem we need data from historical chart.

From historical chart, on August 14, 2019, 1 USD is equivalent to CAD 1.3318

Step two:

From the historical data we need to perform conversion on the data to get the USD equivalent of the CAD given in the problem

Hence

if 1 USD = CAD 1.3318 then

x USD = CAD 1,100

by cross multiplying we have

x USD= 1,100/ 1.3318

x USD= 825.95

Hence as at August 14, 2019 CAD 1,100 is USD 825.95

User Richard Walters
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