Question

Kenya exchanges $150 for british pounds(£). Suppose the conversion rate is £1=$1.60. How many pounds should she receive?

£240.00
£160.00
£100.01
£93.75

Answer 1

Actually you would need to divide $150 by $1.60 because the U.S. dollar is over one and a half times the amount of the british pound. So, you would have a lot less British pounds than U.S. dollars and you would end up with £93.75.