Image by tookapic from Pixabay
In this article I will be demonstrating how to get the formula which converts one type of currency into another and vice versa. It's a pretty simple task, so let me get started...
Let's say today 0.77 pounds is equal to 1 dollar. How would we be able to get 1 pound in terms of dollars?
Well, what we could do is name the currencies and also the value 0.77:
Currency 1 = C_1 = 1 Dollar
Currency 2 = C_2 = 1 Pound
Real Number = r = 0.77
So, I said that 0.77 pounds is equal to 1 dollar. Because of the definitions above, it can be written like this:
C_1 = r*C_2
If we want to make the opposite conversion, we do a simple manipulation of the formula above:
C_2 = (1/r)*C_1
In non-mathematical terms, that would mean that:
1 Pound = (1/0.77)*(1 Dollar)
Therefore:
1 Pound = 1.30 Dollars (to 2 decimal places)
See, I told you it was pretty simple. You can use the formulas listed here to convert any two currencies back and forth. Just name C_1 and C_2 and the multiplier (r).
Article written by Tiago Hands: https://www.instagram.com/tiago_hands
Mathematics Proofs (Instagram): https://www.instagram.com/mathematics.proofs
Mathematics (Read.Cash): https://read.cash/@mathematics.proofs
Lead Image: By moerschy from Pixabay
