A piece of land in Ottawa with an area of 0.4 square kilometers is priced at 5600 Canadian dollars. If there are 1.358 Canadian dollars per (U.S.) dollar, then what is the price in dollars per square mile?
Well, let's calculate that, shall we? Firstly, we need to convert the area of the land from square kilometers to square miles. One square kilometer is approximately 0.386 square miles. So, 0.4 square kilometers would be roughly 0.1544 square miles.
Now, let's convert the price into U.S. dollars using the given exchange rate: 5600 Canadian dollars * 1 U.S. dollar / 1.358 Canadian dollars = 4114.85 U.S. dollars.
Finally, we divide the price in U.S. dollars by the area in square miles to get the price in dollars per square mile: 4114.85 U.S. dollars / 0.1544 square miles ≈ $26,668.76 per square mile.
So, the price of the land in Ottawa is approximately $26,668.76 per square mile. Now, if that doesn't make you want to break the bank for some prime real estate, I don't know what will!
To determine the price in dollars per square mile, we need to convert the area from square kilometers to square miles and then calculate the price.
1 square kilometer is equal to 0.386102 square miles.
First, let's convert the area from square kilometers to square miles:
0.4 square kilometers * 0.386102 square miles/square kilometer = 0.1544408 square miles
Next, let's calculate the price in dollars per square mile:
Price in dollars per square mile = Price in Canadian dollars / Area in square miles
Price in dollars per square mile = 5600 Canadian dollars / 0.1544408 square miles
To account for the exchange rate, we need to convert Canadian dollars to U.S. dollars:
Price in dollars per square mile = (5600 Canadian dollars * 1.358 U.S. dollars / Canadian dollar) / 0.1544408 square miles
Simplifying the equation:
Price in dollars per square mile = 7684.8 U.S. dollars / 0.1544408 square miles
Price in dollars per square mile ≈ 49,819.46 U.S. dollars/square mile
Therefore, the price in dollars per square mile is approximately 49,819.46 U.S. dollars/square mile.
To find the price in dollars per square mile, we need to convert the area from square kilometers to square miles and then multiply it by the price in Canadian dollars.
First, let's convert the area from square kilometers to square miles:
1 square kilometer = 0.386102 square miles
Therefore, the land with an area of 0.4 square kilometers is equivalent to:
0.4 square kilometers * 0.386102 square miles/square kilometer = 0.154441 square miles
Now, we can calculate the price in dollars per square mile:
Price in Canadian dollars = $5600
Conversion rate: 1 Canadian dollar = 1.358 U.S. dollars
So, the price in U.S. dollars for 0.154441 square miles of land would be:
Price in U.S. dollars = $5600 * 1.358 = $7602.8
Therefore, the price in dollars per square mile would be approximately $7602.8 per square mile.
When doing conversions, it is easier if you include the units.
C$5600/km²
=5600C$ * (1US$/1.358C$) / (0.6214mile)²
= 4123.71 US$ / 0.3861 mi²
= US$10,679.37 mi-2
Note: the book is probably old. The exchange rate today is 1.04C$=1US$.