Question

A Canadian came to America and exchanged his money for U.S. dollars at an exchange rate of 76%. If he exchanged $200, how much did he receive in U.S. funds? (Find 76% of 200.)

A. $152

B. $76

C. $148

D. $152

Answer 1

A Canadian exchanging $200 at a rate of 76% would receive $152 in U.S. funds. This is found by multiplying 0.76 (76% as a decimal) by $200.

Step-by-step explanation:

The question involves finding 76% of $200 to determine how much a Canadian would receive in U.S. funds after exchanging their money. To calculate this, the percentage is converted to a decimal by dividing by 100, which gives 0.76. Then, multiply this decimal by $200 to find the exchange in U.S. dollars.

Here's the calculation step-by-step:

1. Convert 76% to a decimal: 76% / 100 = 0.76.
2. Multiply the decimal by $200: 0.76 * $200 = $152.

Therefore, the Canadian would receive $152 in U.S. funds after the exchange.