Question

If one Canadian Dollar is worth 1.05 US dollars, you would receive ___ US dollars if you traded 100 Canadian dollars.

100

105.50

150

150.50

Answer 1

@Shadow or @dude

Answer 2

\[\frac{ 1.05 US }{ CAD } \times 100 CAD\]

Answer 3

so I multiply that and I get my answer?

Answer 4

Yes because 1.05 US/CAD is the conversion rate. Since 100 CAD is on the 'top' it will cancel out with the CAD on the bottom and you will be left with USD