Question

Assuming the exchange rate of Canadian dollars to American dollars is 1 to 0.77, what would be the price of a stove costing $529.50 in Canadian dollars in American dollars?

a) $452.50
b) $506.50
c) $407.72
d) $687.66

Answer 1

To convert the price of a stove from Canadian dollars to American dollars, multiply the price by the exchange rate.

Step-by-step explanation:

To find the price of a stove costing $529.50 in Canadian dollars in American dollars, we need to multiply the price in Canadian dollars by the exchange rate of Canadian dollars to American dollars. The exchange rate is given as 1 to 0.77, which means that 1 Canadian dollar is equal to 0.77 American dollars.

So, to convert the price of $529.50 in Canadian dollars to American dollars, we multiply it by 0.77:

$529.50 x 0.77 = $407.72

Therefore, the price of the stove in American dollars would be $407.72.