A piece of land in Ottawa with an area of 0.3 square kilometers is priced at 5,900 Canadian dollars. If there are 0.9974 Canadian dollars per (U.S.) dollar, then what is the price in dollars per square mile? Round to two decimal places as needed.
from google ... 1 km^2 = 0.386102 mi^2
[5900 / (0.3 * 0.386102)] / .9974 = ? ... $ / mi^2
To find the price in dollars per square mile, we need to convert the area from square kilometers to square miles.
1 square kilometer is equal to 0.386102 square miles.
So, the given land with an area of 0.3 square kilometers is equal to 0.300 * 0.386102 = 0.11583 square miles.
Next, we can find the price per square mile by dividing the price in Canadian dollars by the area in square miles.
Price per square mile = 5,900 Canadian dollars / 0.11583 square miles.
Now, we need to convert Canadian dollars to US dollars. According to the given exchange rate of 0.9974 Canadian dollars per US dollar, we can multiply the price per square mile by the conversion rate.
Price per square mile in US dollars = (5,900 Canadian dollars / 0.11583 square miles) * 0.9974 US dollars per Canadian dollar.
Calculating this gives us: (5,900 / 0.11583) * 0.9974 = 51537.28 US dollars per square mile.
Rounded to two decimal places, the price in dollars per square mile is approximately $51,537.28.
To find the price in dollars per square mile, we need to convert the given area from square kilometers to square miles.
1 square kilometer is equal to 0.386102 square miles.
So, to convert an area in square kilometers to square miles, we can multiply it by 0.386102.
In this case, the area is 0.3 square kilometers, and the price is 5,900 Canadian dollars.
We can calculate the area in square miles as follows:
Area in square miles = 0.3 square kilometers * 0.386102 square miles/square kilometer
Area in square miles = 0.11583 square miles
Now we can find the price in dollars per square mile by dividing the price in Canadian dollars by the area in square miles:
Price in dollars per square mile = 5,900 Canadian dollars / 0.11583 square miles
Price in dollars per square mile ≈ $50,903.61 (rounded to two decimal places)
Therefore, the price in dollars per square mile is approximately $50,903.61.