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5 January, 11:09

If a U. S. citizen could buy £25,000 for $100,000, the rate of exchange for the pound would be

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  1. 5 January, 11:37
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    The rate of exchange for the £ is US$ 4

    Explanation:

    1. Let's check the information provided to answer the question correctly:

    Amount the U. S. citizen want to buy in £ = 25,000

    Amount the U. S. citizen will pay in US$ = 100,000

    2. Let's calculate the rate of exchange for the British pound £, this way:

    Rate of exchange = Amount in US$/Amount in £

    Rate of exchange = 100,000/25,000

    Rate of exchange = 4 US$ per £

    We can also express the rate for the US$, this way:

    Rate of exchange = Amount in £/Amount in US$

    Rate of exchange = 25,000/100,000

    Rate of exchange = £ 0.25 per US$
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