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Money Conversions
Today you’ll learn how to use
dimensional analysis to convert
money.
By the end of the lesson,
you will:
Hint:
The units come after
the number.
Step 2:
Write the original units as a fraction.
10 dollars
1
Step 3:
Write multiplication symbol and draw
the fraction bar.
10 dollars
•
1
What is the conversion factor for
dollars to dimes?
Step 4:
Use the conversion factor in the
second fraction.
10 dollars 10 dimes
•
1 1 dollar
Write units in the second fraction so that the
original units divide out and leave the new unit.
Step 5:
Simplify the expression and divide
out the common units
Write theby
Multiply given units.
the conversion factor
10 pounds 2.04 dollars
20.4 dollars
1 1pound
10 2.04 20.4
A ship from China is coming to the
Port of Long Beach. The captain
has 2500 yuans. How many U.S.
dollars does he have?
Conversion Factor: (varies daily)
One yuan is approximately 0.1321 dollars
Write
Multiply by the conversion
given units.factor
Yes
Tell your partner how you know this is the correct expression.
I will pick a person at random to explain.
Partner Work
How do you convert money
from one country to another?
In pairs:
• Determine which partner will be
person A and which is person B
• Person A: Tell your partner how to
convert money from one country to
another?
• Person B: Tell your partner he or
she is correct, or tell your partner
the correct definition.
Write an expression using dimensional
analysis to eliminate the original units.
Practice
Look at the conversion chart and use
dimensional analysis to convert
the money to the correct unit.
A B C D
Country Money One dollar in Foreign
Foreign currency Currency in one
dollar
Britain Pound $1 = 0.49 pound 1 pound = $2.04
France Euro $1 = 0.73 euro 1 euro = $1.38
Mexico Peso $1 = 10.78 pesos 1 peso = $0.93
4. One hundred dollars to pounds 100 dollars 0.49 pounds 49.00 pounds
1 1 dollar