This mathematics problem involves applying core mathematical principles and formulas. Below you will find a complete step-by-step solution with detailed explanations for each step, helping you understand not just the answer but the method behind it.
ScanSolve AI Answer
Hey MR, good to see you again. Here are the solutions to question 1.3: a) Step 1: Identify the amount in Rands and the exchange rate. The amount to convert is R14 800. The exchange rate given in the note is 1 = R16.53. Step 2: Convert Rands to US Dollars. To convert Rands to Dollars, divide the Rand amount by the exchange rate. USD = R14\,800R16.53/USD USD = 895.3418... Step 3: Round the answer to two decimal places for currency. USD ≈ \895.34 The converted amount is \895.34 . b) Step 1: Identify the price of the laptop in USD and the new exchange rate. The price of the laptop is 820. The exchange rate given for this part is 1 = R19.80. Step 2: Convert US Dollars to Rands. To convert Dollars to Rands, multiply the Dollar amount by the exchange rate. Rand price = \820 × R19.80/USD Rand price = R16\,236.00 The price of the laptop in South African Rand is R16 236.00 . c) A weak rand means that one US Dollar (or other foreign currency) can buy more Rands. This makes imported goods more expensive for South African consumers because they need to spend more Rands to purchase the same amount of foreign currency required to buy the imported items. This reduces their purchasing power for goods from other countries. Send me the next one 📸