SOLUTION: Sipho wants to go on overseas holiday. He exchanges R10 500 at the bank and obtains $820. Calculate the dollar to rand exchange rate on that day.

Question 1184454: Sipho wants to go on overseas holiday. He exchanges R10 500 at the bank and obtains $820. Calculate the dollar to rand exchange rate on that day.
Answer by Theo(13342) (Show Source): You can put this solution on YOUR website!
he exchanges 40500 rands for 820 dollars.
the ratio of rands to dollars = 10500 / 820 = 12.80487805.
the ratio of dollars to rands = 820 / 10500 = .0780952381.

the dollar to rand exchange rate on that day = .0780952381.
that means he can buy 1 rand with .078095238 times 1 dollar.
that should be your answer.

the rand to dollar exchange rate on that day = 12.80487805.
that means he can buy 1 dollar with 12.80487805 times 1 rand.

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