Since $874 = 721 British pound
Then we will use the ratio to find how many British pounds for every US dollar
US dollar: British pound
874 : 721
1 : x
Use the cross multiplication
[tex]\begin{gathered} 874\times x=1\times721 \\ 874x=721 \end{gathered}[/tex]Divide both sides by 874 to find x
[tex]\begin{gathered} \frac{874x}{874}=\frac{721}{874} \\ x=0.8249427918 \end{gathered}[/tex]Round it to the nearest hundredth (2 decimal places
Then x = 0.82
Each US dollar = 0.82 British pound
