Question

Jocelyn exchanged $50 on United States currency for $62 in Canadian currency. If she now has $16 in Canadian currency left, how much can she expect to receive in exchange for United States currency?

Answer 1

In exchange for $16 canadian currency expected to have $13 United States dollar (approx).

Explanation:

Given:

$50 United States(U.S) currency for $62 in Canadian currency(C.C).

For, $16 Canadian currency expected to receive in exchange for United States currency:

First, we need to exchange 1$ C.C for 1$ U.S dollar expected , so we divide $62 C.C with $50 U.S and get

`(50)/(62)= 0.806`.

And, then for $16 C.C multiply by $0.806 U.S we get

`16*0.806=12.896`.

Therefore, in exchange for $16 canadian currency expected to have $13 United States dollar (approx).