A bicycle manufactured in the United States costs $100. Using the exchange rates listed in Table 1, what would the bicycle cost in each of the following countries?
Country US $ per currency Currency per US $
Argentina (peso) 0.3269 3.0590
Britain (pound) 1.7705 0.5648
Canada (dollar) 0.8583 1.1651
If we refer to third column of given table, we find that
1 US $=3.0590 peso
Cost of bicycle in US $=$100
Cost of bicycle in ...
Solution calculates the equivalent value of bicycle in the given countries.