Certainly! Let's tackle this step-by-step.
### Given:
£1 = [tex]$2.05
### Part (a): How many dollars are equivalent to £350?
1. To find the number of dollars equivalent to £350, we need to multiply the amount in pounds by the exchange rate.
- Pounds given: £350
- Exchange rate: 1 pound = $[/tex]2.05
2. Calculation:
[tex]\[
350 \text{ pounds} \times 2.05 \text{ dollars per pound} = 717.5 \text{ dollars}
\][/tex]
Therefore, £350 is equivalent to approximately [tex]$717.50.
### Part (b): How many pounds are equivalent to $[/tex]205,000?
1. To find the number of pounds equivalent to [tex]$205,000, we need to divide the amount in dollars by the exchange rate.
- Dollars given: $[/tex]205,000
- Exchange rate: 1 pound = [tex]$2.05
2. Calculation:
\[
\frac{205,000 \text{ dollars}}{2.05 \text{ dollars per pound}} = 100,000 \text{ pounds}
\]
Therefore, $[/tex]205,000 is equivalent to approximately £100,000.
