Question

The gold florin is worth 5 lire 12 soldi, 6 denarii in Lucca. How much (in florins) are 13 soldi, 9 denarii worth? (Note that 20 soldi make 1 lira and 12 denarii make 1 soldo.)

Short answer

Answer: The value of 13 soldi and 9 denarii in terms of gold florins is \frac{165}{1344} gold florins.

Step-by-step solution

Write the given conversion rates

We are given the following conversion rates: 1 gold florin = 5 lire + 12 soldi + 6 denarii 20 soldi = 1 lira 12 denarii = 1 soldo

Convert from florins to denarii

To simplify the problem, let's first convert the value of 1 gold florin to denarii so that we can have a consistent unit of measurement. Using the conversion rates above: 1 gold florin = 5 lire * (20 soldi/1 lira) + 12 soldi 1 gold florin = (5 * 20) soldi + 12 soldi = 112 soldi Now, let's convert 112 soldi to denarii: 1 gold florin = 112 soldi * (12 denarii / 1 soldo) = 1344 denarii

Convert the given amount to denarii

Now, let's convert the given amount of 13 soldi and 9 denarii into denarii: Given amount = 13 soldi + 9 denarii = 13 soldi * (12 denarii / 1 soldo) + 9 denarii = 156 denarii + 9 denarii = 165 denarii

Determine the amount in gold florins

Now that we have the given amount in denarii and the value of 1 gold florin in denarii, we can determine the amount in gold florins: Gold florins = (165 denarii) / (1344 denarii/gold florin) = \frac{165}{1344} gold florins Hence, 13 soldi and 9 denarii are worth \frac{165}{1344} gold florins.

Key concepts

Historical Mathematics

Currency conversion has a rich history in mathematics, reflecting the complexity of trade across different regions. During historical periods, such as the one referenced in this exercise, standard currency units were not globally uniform. People often used local measures like the lire, soldi, and denarii in various Italian cities.

Understanding historical currency conversion requires a grasp of local monetary systems and equivalencies, similar to modern exchange rates. By converting currencies back then, merchants could engage in fair trade across regions. The process ensured equitable value exchange, even with diverse and decentralized currency structures. Such exchange methods laid foundational practices for modern economic systems.

Problem Solving in Mathematics

Problem-solving in mathematics involves breaking down a complex task into manageable steps, as demonstrated in the currency conversion exercise. This method allows for simplifying intricate calculations and provides clarity in solutions.

For this exercise, the key steps include:

• Identifying and understanding given conversion rates.
• Converting currencies to a common unit, such as denarii.
• Calculating the equivalent value in the target currency.

By converting everything into denarii, we standardize the calculations. The process ensures consistency and makes comparing distinct amounts straightforward. Approaching problems step by step, with care for detail, builds confidence and accuracy in mathematical problem-solving.

Mathematical Reasoning

Mathematical reasoning is the logical process of thinking through and justifying each step of a problem, ensuring solutions are sound and based on evidence. In our exercise, reasoning involves applying given conversion rates in a coherent manner to perform calculations.

We use logical deductions, such as converting 1 gold florin into a total of 1344 denarii, to establish consistent values. Then similarly, the given quantity of 13 soldi and 9 denarii is methodically converted, allowing for a direct comparison with our standardized florin value.

Reasoning in this manner ensures that each step aligns with mathematical principles and correct results. It involves checking and justifying calculations, affirming their correctness, and reinforcing understanding. This approach nurtures critical thinking, ensuring that one can tackle complex problems with confidence and accuracy.