Certainly! Let's go through the conversion of each amount in cedis to British pounds using the given exchange rate of 1.70 cedis to 1 British pound.
### Step-by-Step Solution
#### a) Converting GH₵ 340.00 to British pounds:
1. Original Amount: GH₵ 340.00
2. Exchange Rate: 1.70 cedis = 1 British pound
3. Conversion Formula: Amount in pounds = Amount in cedis / Exchange rate
4. Calculation:
[tex]\[ \frac{340.00}{1.70} = 200.00 \][/tex]
5. Result: GH₵ 340.00 is equivalent to £ 200.00
#### b) Converting GH₵ 2,550.00 to British pounds:
1. Original Amount: GH₵ 2,550.00
2. Exchange Rate: 1.70 cedis = 1 British pound
3. Conversion Formula: Amount in pounds = Amount in cedis / Exchange rate
4. Calculation:
[tex]\[ \frac{2,550.00}{1.70} = 1,500.00 \][/tex]
5. Result: GH₵ 2,550.00 is equivalent to £ 1,500.00
#### c) Converting GH₵ 17,000.00 to British pounds:
1. Original Amount: GH₵ 17,000.00
2. Exchange Rate: 1.70 cedis = 1 British pound
3. Conversion Formula: Amount in pounds = Amount in cedis / Exchange rate
4. Calculation:
[tex]\[ \frac{17,000.00}{1.70} = 10,000.00 \][/tex]
5. Result: GH₵ 17,000.00 is equivalent to £ 10,000.00
#### d) Converting GH₵ 1,500.00 to British pounds:
1. Original Amount: GH₵ 1,500.00
2. Exchange Rate: 1.70 cedis = 1 British pound
3. Conversion Formula: Amount in pounds = Amount in cedis / Exchange rate
4. Calculation:
[tex]\[ \frac{1,500.00}{1.70} \approx 882.35 \][/tex]
5. Result: GH₵ 1,500.00 is approximately equivalent to £ 882.35
I hope this breakdown helps you understand the process of converting cedis to British pounds using the given exchange rate!
