Answer: Approximately $5416.70, Exact answer: $5416.66667
Step-by-step explanation: Normally, one would think about what times 0.24 = 1300. However, the answer is not a whole number because no whole number times 0.24 = 1300. Instead, you should divide 1300 by 0.24 to get the answer. So, 1300/0.24 = 5416.66667. After rounding the quotient to the nearest tenth, it becomes 5416.7. Nevertheless, the question is about money, so it becomes 5416.70 to represent 70 cents rather than 7 cents. Lastly, to double check, multiply 5416.70 by 0.24, and you should get 1300.
Note: I used a calculator to do some of the operations.