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Homework Help: Billionaire who is richer

  1. Feb 12, 2007 #1
    1. The problem statement, all variables and given/known data
    by how many times an British billionaire richer than an American billionaire?

    2. Relevant equations

    3. The attempt at a solution
  2. jcsd
  3. Feb 12, 2007 #2
    by 1EUR/1USD. it's about 1.3016 times.
  4. Feb 12, 2007 #3


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    Staff Emeritus
    Science Advisor

    Firstly, we do not use euros here in England; we use pound sterling!

    Secondly, the question is not as simple as just using the exchange rates between £ and US$ (which I think is about 1:1.9) since a British billion is defined differently to a US billion!
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