Question

Assume the Canadian dollar is equal to .88 and the Peruvian nuevo sol is equal to.35. The value of the Peruvian nuevo sol in Canadian dollars is:

1) about .3621 Canadian dollars.
2) about .3977 Canadian dollars.
3) about 2.36 Canadian dollars.
4) about 2.51 Canadian dollars.

Answer 1

The value of the Peruvian nuevo sol in Canadian dollars is about 0.3977 Canadian dollars. The correct option is 2) about .3977 Canadian dollars.

Step-by-step explanation:

The value of the Peruvian nuevo sol in Canadian dollars can be found by multiplying the exchange rate of Peruvian nuevo sol to US dollars by the exchange rate of US dollars to Canadian dollars.

Given that the Canadian dollar is equal to 0.88 and the Peruvian nuevo sol is equal to 0.35, we can calculate:

0.35 nuevo sol * (1 Canadian dollar / 0.88 US dollars) = 0.3977 Canadian dollars

Therefore, the value of the Peruvian nuevo sol in Canadian dollars is about 0.3977 Canadian dollars. The correct option is 2) about .3977 Canadian dollars.