Question

If the foreign exchange rate between the U.S. dollar and the Danish krone is 1:2.50, how many Danish kroner will you get for $5?

Answer 1

C is the correct answer for Plato

Explanation:

For Plato here are the choices for answers

A. 7.50 Danish kroner

B. 10.50 Danish kroner

C. 12.50 Danish kroner - correct answer

Answer 2

That the foreign exchange rate between the US dollar and the Danish krone is 1:2.50 means that USD 1 = Dk 2.5 From that you create the conversion factor => 1 = Dk 2.5 / USD 1 Now use the conversion factor to convert USD 5 to Dk => USD 5 = USD 5 * Dk 2.5 / USD = 12.5 Dk. Answer: 12.5 Danish krone