Question
4. A car is imported from Gngland, where it costs \( £ 35728,72 \). The ef charge rate on the dag of payment is \( \mathrm{fl}=\mathrm{R} 11,19 \). Calculatie the price of the car in rand.
Ask by Norris Lynch. in South Africa
Feb 04,2025
Real Tutor Solution
Tutor-Verified Answer
Answer
The car costs R399,804.38 in South African Rand.
Solution
To calculate the price of the car in South African Rand (R) based on the given exchange rate, follow these steps:
1. **Given Data:**
- **Price in British Pounds (£):** £35,728.72
- **Exchange Rate (R per £):** R11.19
2. **Calculation:**
To convert the price from pounds to rand, multiply the amount in pounds by the exchange rate.
\[
\text{Price in Rand} = \text{Price in Pounds} \times \text{Exchange Rate}
\]
\[
\text{Price in Rand} = £35,728.72 \times R11.19
\]
3. **Step-by-Step Multiplication:**
- **Multiply by 10:**
\[
35,728.72 \times 10 = 357,287.20 \, \text{R}
\]
- **Multiply by 1:**
\[
35,728.72 \times 1 = 35,728.72 \, \text{R}
\]
- **Multiply by 0.19:**
\[
35,728.72 \times 0.19 = 6,788.46 \, \text{R}
\]
- **Add all parts together:**
\[
357,287.20 \, \text{R} + 35,728.72 \, \text{R} + 6,788.46 \, \text{R} = 399,804.38 \, \text{R}
\]
4. **Final Answer:**
The price of the car in South African Rand is **R399,804.38**.
Reviewed and approved by the UpStudy tutoring team
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Simplify this solution Extra Insights
To find the price of the car in rand, you first convert the price from pounds to rand using the given exchange rate. Multiply the price of the car in pounds, \( £ 35728.72 \), by the exchange rate of \( fl = R 11.19 \): \[ \text{Price in rand} = 35728.72 \times 11.19 = R 399,500.63 \] So, the price of the car in rand is approximately R 399,500.63. Additionally, keep an eye on fluctuations in exchange rates, as they can greatly impact the final price you pay when importing goods. When you're calculating costs, a small change in the exchange rate might lead to a big difference in savings or expenses.
