Question

Zaiden is an American traveling with a tour group in Southeast Asia. During a stop in the Philippines, he purchases a souvenir that is priced at 2,621 Philippine pesos using his credit card. If the exchange rate that day is USD to PHP = 43.36, which is the best estimate of the charge Zaiden will later find on his credit card statement?

Answer 1

2,621/43.36= your answer 

Answer 2

Zaiden would later find $60.45 on his credit card statement.

Explanation:

When Zaiden purchased a souvenir, exchange rate of dollar to PHP was

1 USD = 43.46 PHP

Cost of Souvenir = 2,621 PHP

Charge in USD = 2,621 ÷ 43.36 = $60.45

Zaiden would later find $60.45 on his credit card statement.