Question

The exchange rate of a Chinese RMB to a US dollar is 1 RMB to 0.15 US dollar.

How many RMB can an individual purchase if he or she has 250.00 US dollars?

Answer 1

Using a given exchange rate of 1 RMB to 0.15 US dollars, an individual can purchase 1666.67 RMB with $250.00 US dollars.

Step-by-step explanation:

To calculate how many Chinese RMB an individual can purchase with $250.00 US dollars, we use the exchange rate given, which is 1 RMB to 0.15 US dollars. The calculation is straightforward. You divide the amount of US dollars by the exchange rate to obtain the equivalent amount in RMB.

To perform the calculation:

1. Determine the total US dollars available: $250.00.
2. Divide this amount by the exchange rate: $250.00 ÷ 0.15.
3. Calculate the equivalent amount in RMB: 1666.67 RMB.

Therefore, with $250.00 US dollars, you can purchase 1666.67 RMB at the given exchange rate.

Answer 2

9514 1404 393

Answer:

1666

Step-by-step explanation:

The numbers of currency units are proportional.

RMB/USD = 1/0.15 = x/250

x = 250/0.15 . . . . . . . . . . . . . . multiply by 250

x ≈ 1666

1666 RMB can be purchased with $250 US.

_____

The purchaser will receive $0.10 in change.