Question

A missionary commissioned to South Africa had to exchange his $500 for the South African Rand which is worth 12.63 for every dollar. How many Rand did he have after the exchange?

A) 4,500 Rand
B) 5,250 Rand
C) 6,000 Rand
D) 6,315 Rand
E) 7,200 Rand

Answer 1

The missionary had 6,315 Rand after the exchange.

Step-by-step explanation:

To calculate how many Rand the missionary had after the exchange, we will multiply the amount of dollars he had (which is $500) by the exchange rate (which is 12.63 Rand for every dollar). Using the formula:

Total Rand = $500 x 12.63 Rand/$1

Substituting the values:

Total Rand = $500 x 12.63 Rand/$1 = 6,315 Rand.

Therefore, the answer is Option D) 6,315 Rand.