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The price of a bottle of whisky sold to the United States is currently £8. The exchange rate is currently $1.50 to the £. If it is estimated that next year prices will rise 5% in the UK and 4% in the United States what will be the exchange rate in a year's time and the price of a bottle of whisky in dollars in a year's time? The exchange rate in a year's time? $ ________ (to 3 decimal places) The price of a bottle of whisky in dollars? $________ (to 2 decimal places) |