British pounds are worth 3 U.S. dollars is 75 Cents or 50 pence greater
The Correct Answer and Explanation is:
The correct interpretation of the statement is:
One British pound is worth 3 U.S. dollars. This value is 75 cents or 50 pence greater than a certain reference amount.
To understand and verify this, let’s break it down.
We are told that British pounds are worth 3 U.S. dollars, and this value is 75 cents (or 0.75 dollars) greater than something. So we can express this as:
3.00 USD = X + 0.75 USD
Solving for X:
X = 3.00 – 0.75 = 2.25 USD
This means the reference amount is 2.25 U.S. dollars.
Now, to see if the 75 cents is equal to 50 pence, we convert U.S. dollars to British pence. The current approximate exchange rate is around 1 GBP = 1.27 USD. To reverse this, we get:
1 USD ≈ 0.787 GBP
So, 0.75 USD × 0.787 ≈ 0.59 GBP, which is 59 pence
This indicates that 75 cents is approximately 59 pence, not 50. Therefore, the statement that “3 U.S. dollars is 75 cents or 50 pence greater” is not entirely accurate unless it is rounded or used illustratively.
If we suppose the original comparison is made using relative values (not exact current exchange rates), perhaps 50 pence is being treated as roughly equivalent to 75 cents in casual use. Still, it’s important to highlight that 75 cents is more than 50 pence at most recent exchange rates.
In conclusion, if a British pound is worth 3 dollars and that is said to be 75 cents or 50 pence more than something, then that “something” would be 2.25 dollars or its equivalent. However, the 75 cents and 50 pence are not exactly equal in value, which can cause confusion unless clarified or stated with approximate terms.
