1. **Problem 1:** Convert 2000 Icelandic krona to Canadian dollars given the exchange rate $1$ CAD = $101.58$ Icelandic krona. 2. **Formula:** To convert from Icelandic krona (ISK) to Canadian dollars (CAD), use the proportion: $$\frac{1\text{ CAD}}{101.58\text{ ISK}} = \frac{x\text{ CAD}}{2000\text{ ISK}}$$ 3. **Solve for $x$:** $$x = \frac{2000}{101.58}$$ 4. **Calculate:** $$x \approx 19.69$$ 5. **Answer:** 2000 Icelandic krona is worth approximately $19.69$ Canadian dollars. 6. **Problem 2:** Convert 120 Canadian dollars to Icelandic krona using the same exchange rate. 7. **Formula:** To convert from CAD to ISK: $$\frac{101.58\text{ ISK}}{1\text{ CAD}} = \frac{y\text{ ISK}}{120\text{ CAD}}$$ 8. **Solve for $y$:** $$y = 120 \times 101.58$$ 9. **Calculate:** $$y = 12189.6$$ 10. **Answer:** 120 Canadian dollars is worth approximately $12189.6$ Icelandic krona. Note: The closest provided answer for question 6 is 12,824.00 Icelandic krona, which may be a rounded or approximate value.