Question

If the foreign exchange rate between the United States dollar and the danish krone is 1:2.50, how many Danish kroner will you get for 5 dollars

Answer 1

USD:Krone = 1: 2.50

u:k = 1:2.5

5:k = 1:2.5

5/k = 1/2.5

k*1 = 5*2.5

k = 12.5

So you would get 12.50 Danish kroner.