Answered

The average price for regular gasoline in Toronto is $1.35 per liter, or L (in Canadian dollars, as of
April 2014).
Part A: The exchange rate between the US and Canada varies continuously. Assume that, in April
2014, the rate was US$ 0.92 for each Canadian dollar. Determine the cost in U.S. dollars (US$) for 1 L
of gasoline in Toronto. Round to the nearest cent.
Hint
$1.35 Canadian = US$
Part B: There are 3.78541 L in 1 gallon (gal). Determine the cost in U.S. dollars (US$) for 1 gal of
gasoline in Toronto. Round to the nearest cent.
Hint
1 gal costs US$



Answer :

a. $1.35 Canadian dollar will be 124 cents.

b. cost in U.S. dollars (US$) for 1 gal of gasoline in Toronto will be $5.11.

How to calculate the value?

A. It should be noted that the rate was US$ 0.92 for each Canadian dollar.

Therefore, $1.35 Canadian dollar will be:

= 1.35 × 0.92

= $1.24 = 124 cents.

B. The cost in U.S. dollars (US$) for 1 gal of gasoline in Toronto will be:

= 3.78541 × 1.35

= $5.11

Learn more about exchange rate on:

brainly.com/question/25970050

#SPJ1

Other Questions