Question

The currency in Peru is Nuevo sole. The exchange rate is approximately $1 to 3 nuevos soles . At this rate, how many nuevos soles would you get if you exchanged $5 ?

Answer 1

15 Nuevo soles

Explanation:

For every $1 you get 3 Nuevo soles

When exchanging $5 for a foreigner or local with $

Amount of Nuevo soles=3*5=15 Nuevo soles

It means one will receive a maximum of 15 Nuevo soles when he or she exchanges $5.

Therefore, Ans=15 Nuevo soles