Question

In 2000, the average exchange rate for $1 was 9.459 Mexican pesos. In 2013, the average exchange rate for $1 had increased by 3.299 Mexican pesos. What was the average exchange rate for $1 in Mexican pesos in 2013?

Answer 1

Answer: the average exchange rate for $1 in Mexican pesos in 2013 was 12.758.

Step-by-step explanation: The average exchange rate for $1 in Mexican pesos in 2013 can be calculated by adding the increase in the exchange rate to the exchange rate in 2000.

In 2000, the average exchange rate for $1 was 9.459 Mexican pesos.

The increase in the exchange rate from 2000 to 2013 is given as 3.299 Mexican pesos.

To find the average exchange rate in 2013, we add the increase in the exchange rate to the exchange rate in 2000:

9.459 + 3.299 = 12.758 Mexican pesos.

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