Question

The peso is the currency of Mexico. On October 17, 2016, the exchange rate for 1 Mexican peso was $0.053 U.S. If a traveler exchanged $400 (U.S.) for Mexican pesos, how many pesos did they receive? Round your answer to the nearest peso.

Answer 1

7547 Mexican pesos

Explanation:

The exchange rate for 1 Mexican peso was $0.053

A traveler exchanged $400 (U.S.) for Mexican pesos.

Let the Mexican pesos exchanged for $400 be x

0.053 U.S. Dollars = 1 Mexican pesos

400 U.S. Dollar = 0.053x Mexican pesos

`(400)/(0.053)` = x

x = 7547.169 ≈ 7547 Mexican pesos

They received 7547 Mexican pesos

Answer 2

1 peso = 0.053 dollars.

x pesos = 400 US dollars.

1/x = 0.053 / 400 Cross multiply

400 * 1 = 0.053 x Divide by 0.053

400/0.053 = 0.053*x / 0.053

7547.17 pesos which rounded is

Answer: 7547 pesos