Question

You are on vacation in Canada. Canada also uses the dollar for currency. The exchange rate is 1 U.S. Dollar is equal to 1.33 Canadian dollars. You exchange $175 U.S. For Canadian dollars. How many Canadian dollars will you receive?

Answer 1

You will receive 232.75 CAD

Explanation:

This is an exchange rate question.

we proceed as follows;

The exchange rate according to the question is 1 usd to 1.33 cad

What this means is that when you bring 1 usd you’d be getting 1.33 cad

Now you’re bringing 175 usd, the amount of Cad you’ll be getting will be 175 * 1.33 = 232.75 CAD