Question

Use the information below to answer the questions that follow.

	U.S. $ EQUIVALENT	CURRENCY PER U.S. $
Poland zloty	0.2686	3.723
New Zealand dollar	0.6414	1.5591
Australia dollar	0.7002	1.4282
Jordan dinar	1.4104	0.709
Bahrain dinar	2.6525	0.377

If you have $4, how many Poland zlotys can you get?

How much is one Poland zloty worth?

If you have 7 million Poland zlotys, how many dollars do you have?

How many New Zealand dollars can you get for a Poland zloty?

What is the rate of the most valuable currency listed?

What is the rate of the least valuable currency listed?

Answer 1

Given,

1dollar(us)= 3.723 poland zloty

1 dollar(us) = 1.5591 new zealand dollar

1 dollar(us) = 1.4282 australian dollar

1 dollar(us) = 0.709 jordan dinar

1 dollar(us) = 0.377 bahrain dinar

1) If i have 4$, how many poland zloty can i get:

  1$ = 3.723 poland zloty

4$ = ?  

i.e., 4$*3.723 = 14.892 poland zloty

2) How much is one poland zloty worth:

  1$ = 3.723 poland zloty

1 poland zloty = ?

i.e., 1 poland zloty = 1/3.723

= 0.2686 us dollars

3) If u have 7 million poland zloty , how many dollars do you have:

1$ = 3.723 poland zloty

  7 million poland zloty = ?

i.e., 7 million * 1$/3.723 = 1.88 million

4) How many new zealand dollars can u get for poland zloty:

given,

1$ = 3.723 poland zloty

1$ = 1.5591 new zealand dollar

we need, new zealand dollar/poland dollar

By applying cross rate

= new zealand dollar/us dollar * us dollar/poland zloty

= 1.5591 * 1/3.723

= 0.4187

therefore, 1 poland dollar = 0.4187 new zealand dollar

5) Most valuable currency listed :

It is bahrain dinar, because its rate is 1$ = 0.377

i.e., for every 1$ , we need to pay just 0.377 bahrain dinar

Therefore, it is a most valued currency.

6) Least valuable currency:

  It is poland zloty , beacuse its rate is 1$ = 3.723

i.e., for every 1$ , we need to pay 3.723 poland zloty

Therefore, it is a least valued currency.