When we talk about kilodollars, it's a way to express large sums in a simpler form that is easier to comprehend and work with. The prefix 'kilo-' in the metric system means one thousand. Therefore, 1 kilodollar (often abbreviated as k\() is
- equivalent to 1,000 dollars
- used for sums in the thousands to simplify the expression
For example, if a car costs 5,000 dollars, you can say it costs 5 kilodollars. This is handy for both budgeting and financial discussions, where you frequently encounter large numbers. In this particular exercise, to convert 33,200 dollars into kilodollars, you simply divide by 1,000. The conversion looks like this: \[33,200 \text{ dollars} \div 1,000 = 33.2 \text{ kilodollars}\]So, instead of \)33,200, the expression simplifies to 33.2 k$.