Question

A family uses 12,986.64 swiss francs per year to pay a mortage that requires US dollars.Approximately how much,in US dollars,does the family spend per month on the mortage? 1 US dollar=0.9019 swiss francs and 1 swiss franc=1.11 US dollar

Answer 1

12,986.64 swiss francs per year
1 swiss franc = $ 1.11...
so 12,986.64 swiss francs = 12986.64 * 1.11 = 14415.1704 U.S dollars per yr.....but we need per month.....1 yr = 12 months...
14415.1704 / 12 = 1201.2642 rounds to 1201.26 per month

so ur answer is : approximately $ 1201.26 is used each month