approximate equivalent of his annual salary in rands. 3 Mr. and Mrs. Yamamoto are visiting South Africa and want to have an idea of howy expensive services and goods are here. They can only compare if they have the prices in Japanese yen ( \( X \) ) . Use the conversion table (Table 1) to convert the following prices 10 yen. 3.1 Accommodation at R350 per person per night. 3.2 Entrance fee at a museum at R 50 per person. 33 The average cost of a meal at a restaurant at R 120 per person. * Marika wants to buy an iPad over the Internet. She does research to fin the best price. She finds three prices: R5 199,00; \( \$ 529,00 \) and \( £ 429,00 \). E. 1 Use the exchange rate in Table 1 and find the USD price in rand. 42 Use the exchange rate in Table 1 and find the GBP price in rand. 43 Compare the three prices and write down where you think Marika should buy the iPad.
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Beyond the Answer
When it comes to currency conversion, knowing the historical background of exchange rates can help you grasp how economies fluctuate. For instance, in the late 1990s, the Japanese yen was particularly strong against the South African rand, meaning travelers could enjoy more bang for their yen when exploring South Africa. These rates do change often, offering a fascinating glimpse into economic conditions between nations! Understanding real-world applications of these conversions can help Marika make a savvy purchase decision. She should not only factor in the current exchange rates but also consider potential shipping fees or taxes on international purchases. By calculating the final cost in rands for each iPad option, she can ensure the best deal, ultimately making her tech investment as affordable as possible!
