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Use the given exchange rate to convert R14 800 to US Dollars.
Economics
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1.3.1
Use the given exchange rate to convert R14 800 to US Dollars.
The exchange rate is .
Sipho's budgeted R14 800 is approximately .
1.3.2
Use the given exchange rate to determine the price of the laptop in South African rand.
The laptop costs 1 = R16.53$.
The price of the laptop in South African rand is .
1.3.3
A weak rand means that one US Dollar (or any foreign currency) costs more South African Rands. Therefore, when South African consumers buy imported goods, they have to pay more Rands for the same item, making imported goods more expensive.
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