Understanding Financial Graphs and Currency Conversions

The video tutorial explains the use of financial graphs in various contexts, such as currency conversions and cost comparisons. It covers how to read and interpret graphs, calculate exchange rates, and use gradients to determine costs. The tutorial also discusses taxi fare graphs, highlighting how to choose the most cost-effective option based on graph analysis. Key concepts include interpolation, extrapolation, and gradient calculation.

Explain the concept of extrapolation in financial graphs.

How can you convert £500 into dollars using the exchange rate?

What is the significance of the crossover points in a cost comparison graph?

What steps would you take to find the distance of a taxi journey that costs £16.00?