Help!! 50 Points!!!

Remember how to calculate currency conversions:
To determine the currency conversion, multiply the amount of U.S. dollars by the currency exchange rate. For example, since the currency exchange rate for U.S. dollars to Nearlandian dollars is 1 USD = 5 NRD, then 20 U.S. dollars is equivalent to 100 Nearlandian dollars, because 20 x 5 = 100. If you have 50 Nearlandian dollars to convert back to U.S. dollars, you would divide by the exchange rate. Thus, 50 Nearlandian dollars is equivalent to 10 U.S. dollars, because 50 / 5 = 10.
1. In at least two complete sentences, explain why a traveler will need to visit a currency exchange. Include how exchange rates are determined.

2. You have $100 in the United States. Imagine you are visiting Crosswater to check out new products. How much would your $100 be in Crosswatering dollars? (Be sure to show your work.)

3. You read about a new invention in Techtopia. You consider traveling there instead. How much would your $100 be in Techtopian dollars? (Be sure to show your work.)

4. A computer part costs 200 TPA in Techtopia, and the same part costs 1,000 CSW in Crosswater. Figure out how much USD you need to buy the part from each country:
100 TPA = USD 1,000 CSW = USD
Now answer the question: Should you travel to Techtopia or to Crosswater to buy the part? Explain your answer and show your work.

5. You buy certain supplies in Nearland. Last year, the currency exchange rate was 1 USD = 3 NRD. Are these supplies more or less expensive to buy now than last year? Explain your answer in complete sentences

Country and Currency Name Today’s Currency Exchange Rate

Techtopia
(Techtopian dollar, or TPA) 1 USD = 1 TPA

Crosswater
(Crosswatering dollar, or CSW) 1 USD = 20 CSW

Nearland
(Nearlandian dollar, or NRD) 1 USD = 5 NRD

1. Say, for example, the traveler is from the U.S, he will need money to survive in Crosswater and he needs 50 CSW dollars. He will trade in $3 U.S dollars for $50 CSW dollars.

2. $100 U.S * $20 CSW = $2000 CSW

3. $100 U.S * $1 = $100 TPA

4. 100 TPA = $100 USD 1,000 CSW = $50 USD

5. It would be cheaper to buy from CSW. While TPA is more expensive in USD with $100, CSW is only $50 USD.

Step-by-step explanation:

Hey, make sure you pharaphrase this before you turn it in, these were my answers word for word...

ap8997154 ap8997154 · Answer 2 · 2022-01-29T08:42:26+01:00

To solve the problem we will convert currencies and then solve the Problems.

Given to us

TPA, 1 USD = 1 TPA
CSW, 1 USD = 20 CSW
NRD, 1 USD = 5 NRD

Why use currency exchange?

1.) A traveler needs to visit a currency exchange to exchange his currency to the local currency of the country in which he is staying.

2.) We know that 1 USD = 20 CSW,

therefore, 100 USD = 20 x 100 = 2000 CSW.

Thus, your $100 will be equal to 2000 CSW dollars.

3.) We know that 1 TPA = 1 USD,

therefore, 100 USD = 100 x 1 = 100 TPA

Thus, your $100 will be equal to 100 TPA.

What is the cost of the computer part?

4.) We know that 1 USD = 1 TPA, while 1 USD = 20 CSW,

Given the cost of the computer part,

it will be 200 TPA = 200 USD,

it will be 1000 CSW = 50 USD,

Thus, the computer part will be cheaper, by 150 USD.

5.) As it is given that 1 USD = 3 NRD,

while now that 1 USD cost 5 NRD, therefore, now the same product will be cheaper.

For, example a product costing 300 NRD would be 100 USD last year but would cost only 60 USD now.

Learn more about Currency Exchange:

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