Question

Peter has 900 New Zealand dollars. If 1 u.s dollar equals 1.4167 New Zealand dollars , about how many US dollars can Peter buy for his New Zealand dollars

Answer 1

Peter can buy approximately 635.30 U.S. dollars for his 900 New Zealand dollars, using the exchange rate of 1 U.S. dollar to 1.4167 New Zealand dollars.

Step-by-step explanation:

To calculate how many U.S. dollars Peter can buy with his 900 New Zealand dollars, we will use the given exchange rate of 1 U.S. dollar to 1.4167 New Zealand dollars.

1. Determine the amount of New Zealand dollars to convert (900 NZD).
2. Divide the New Zealand dollars by the exchange rate to get the equivalent amount in U.S. dollars.

So the calculation should be: 900 NZD / 1.4167 NZD/USD = approximately 635.30 USD.

Hence, Peter can buy approximately 635.30 U.S. dollars for his 900 New Zealand dollars.