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£1 = $1.25. Change £60 to dollars.

Step by step, with the reason for every step · Exchange rates · Foundations

Step by step

The question

Question: change £60 to dollars, when £1 = $1.25.

£1 = $1.25. Change £60 to dollars.

1 Write the rate

The rate says: 1 pound is worth 1.25 dollars.

£1 = $1.25

From pounds to dollars, we multiply by 1.25.

Going back, we divide by 1.25.

pounds → dollars: × 1.25
dollars → pounds: ÷ 1.25

2 Multiply by the rate

Each pound is worth $1.25.

60 pounds are worth 60 times as much.

£60 = 60 × $1.25

60 times 1.25 is $75.

= $75

To multiply decimals: first 60 times 125, as whole numbers.

That is 7500.

Then count the decimal places: 2.

60 × 125 = 7500
2 decimal places: 75

Careful!

Check the direction.

Pounds to dollars: we multiply by the rate.

Careful: pounds → dollars: × the rate

So £60 is $75.

3 Check

Let's check: change the answer back.

$75 divided by 1.25 is £60.

change it back: $75 ÷ 1.25 = 60

That is what we started with.

So the answer is right!

£60 — what we started with

Let's look back.

First: write the rate.

Then: multiply by the rate.

Last: check.

Answer
Careful: pounds → dollars: × the rate

Your turn

Try this one yourself, then check:

£1 = $1.20. Change £55 to dollars.
Show the answer
£55 = $66

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