Roberto is going to visit his family in Mexico. He is bringing $500 US dollars. On the way over, he can exchange his US Dollars for Pesos. The exchange rate is $0.07 USD = 1 Peso. How much money will he have to spend in Mexico, according to their monetary system?
A. 35 Pesos
B. 700 Pesos
C. $0.0004 Pesos
D. $7142.86 Pesos
I got B as my answer, would that be correct?
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jimthompson5910 (jim_thompson5910):
yep
OpenStudy (anonymous):
acyua;;y im sorry those are the wrong multiple choices
jimthompson5910 (jim_thompson5910):
huh? how so
OpenStudy (anonymous):
A. $35 USD/peso
B. $700 USD/ pesp
C. 0.07 USD/ peso
D. 0.0004 Pesos
Because I tried coping and pasting the question so I wouldnt have to type it all
jimthompson5910 (jim_thompson5910):
ah ok
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OpenStudy (anonymous):
so I got B for this one
jimthompson5910 (jim_thompson5910):
same problem?
OpenStudy (anonymous):
yep
jimthompson5910 (jim_thompson5910):
0.07 dollars = 1 peso
how much is $500 worth?
OpenStudy (anonymous):
no lol sory
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jimthompson5910 (jim_thompson5910):
i was gonna say...
jimthompson5910 (jim_thompson5910):
lol
OpenStudy (anonymous):
ill rewrite the worded problem lol
jimthompson5910 (jim_thompson5910):
ok
OpenStudy (anonymous):
Roberto is going to visit his family in Mexico. He is bringing $500 US dollars. On the way over, he can exchange his US Dollars for Pesos and got $7142.86. what is the exchange rate USD to pesos?
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jimthompson5910 (jim_thompson5910):
hmm it's like they flipped it around
OpenStudy (anonymous):
ya lol
jimthompson5910 (jim_thompson5910):
wait...did you mean "he can exchange his US Dollars for Pesos and got 7142.86 pesos" ?
OpenStudy (anonymous):
yes but without the peso at the end
jimthompson5910 (jim_thompson5910):
ok
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jimthompson5910 (jim_thompson5910):
you just need to first calculate 500/7142.86 to get
500/7142.86 = ??
and you'll need to round as well
OpenStudy (anonymous):
okay so our answer would be C then correct?
jimthompson5910 (jim_thompson5910):
yes, C. 0.07 USD/ peso
jimthompson5910 (jim_thompson5910):
which was given in the last problem
OpenStudy (anonymous):
yep! thanks
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