May 2004 A QUESTION 2 21 Mary lives in England. She saw the following advertisement for the SMEG Easy Gas Oven SMEG Easy Gas Oven 6 Plate £759,38 [Adapted from www.binglee.com] On 15 April 2024, the exchange rate was R1 = £0,042324. Use the information above to answer the questions that follow. 2.1.1 Define the term exchange rate in the given context. 2.1.2 Write the exchange rate of the Pound (£) to the South African Rand (ZAR) in the format £1: 2.1.3 Determine the price of the stove in South African Rand (ZAR). Round your answer to the nearest ten cents.​