Question

What is the equivalence of 950 US dollars in British pound sterling if 1 US dollar = 0.62 British pound sterling?

Answer 1

`589` pound sterling.

Explanation:

Currency conversions can always be done as a direct proportion.

Compare the corresponding quantities in the form of equivalent fractions.

`(BP)/($US) " " x/950 = 0.62/1" cross multiply"`

`x = 950xx0.62`

`589 " pound sterling"`

Note that this is about what we could expect.
1 pound is just more than half of 1 dollar.
589 pounds is a bit more than half of 950 dollars.

Always check your answer with a quick estimation in case we multiplied instead of dividing by mistake.