Gold Price London Fix
Pounds to dollars conversion word problem?
How I can fix this? (Not only need an answer, need help learn how to set these, because I'm so bad in the creation of word problems): If the price of gold in the morning fixing in London was $ 5,310 per pound, what a kilogram of gold would have cost in £ (pounds)? Suppose that the exchange rate of $ 1.00 = £ 0545 I meant U.S. dollars to pounds
If the price of gold in the morning fixing in London was $ 5,310 per pound, the dollar price is equal to 5310 times the weight in pounds WPound PDol = 5310 * Weight in pounds equals the weight in kilograms divided by 2.2 = WPound WKg/2.2 Suppose the exchange rate of $ 1.00 = £ 0545 the price in dollars is equal to the price in pounds divided by type exchange. PDol = PPound/0.545 PDol and WPound Then replace the origianl formula with their counterparts (the right side of the equation of the second and third. PPound/0.545 = 5310 * *. 5310 = PPound WKg/2.2 * 545/2.2 WKG what a kilogram of gold have cost in £ (pounds)? The weight in kilograms: 1. Replace with the constant 1 WKG PPound = 5310 *. 545/2.2 * 1 = £ 1,315
Collapse of US Dollar: Guide to Gold and Silver
