Question

Claudine traded U.S. dollars for Mexican pesos at an exchange rate of 1 U.S. dollar = 12.6577 Mexican pesos. She gave the exchanger a total of 2300 U.S. dollars and was charged a flat fee of 55 U.S. dollars. Approximately how many Mexican pesos does Claudine have?

Answer 1

$28,416.54 Mexican pesos

Explanation:

That $2,300 will be divided into two parts: 1) $55 fee and 2) equivalent amount in Mexican pesos:

The amount exchanged into pesos is $2,300 - $55, or $2,245.

Converting this into pesos:

$2,245 12.6577 Mex pesos

------------ * ------------------------------- = $28,416.54 Mexican pesos

1 $1

Answer 2

Explanation:

You have to start by taking away $55 from the 2300. The 55 does not get exchanged.

2300 - 55 = 2245

1 US dollar = 12.6577 pesos

2245 US dollars = x Cross multiply

x = 12.6577 * 2245

x = 28416.54 pesos. (rounded to 2 places)