Answer:
4104.8
Step-by-step explanation:
To solve this problem, the easiest approach is to set up a proportion. Use the following general format;
[tex]\frac{currenncy_1}{currency_2}=\frac{balance_1}{balance_2}[/tex]
This will allow one to describe the relationship between the different currency values. Substitute in the given information and solve;
[tex]\frac{currenncy_1}{currency_2}=\frac{balance_1}{balance_2}[/tex]
[tex]\frac{canadian}{australian}=\frac{balance_1}{balance_2}[/tex]
[tex]\frac{1}{1.04}=\frac{x}{4269}[/tex]
Cross products,
[tex]\frac{1}{1.04}=\frac{x}{4269}[/tex]
[tex](1)(4269)=(1.04)(x)\\4269=1.04x[/tex]
Inverse operations,
[tex]4269=1.04x\\4104.8\approx x[/tex]
