Question

In 2009, 1 U.S. dollar purchased 1600 Korean won and in 2013 it purchased 800 Korean won. How much did 1000 Korean won cost in U.S. dollars in 2009 and 2013? Group of answer choices 2009: .84 dollars, 2013: 1.09 dollars 2009: .62 dollars, 2013: 1.25 dollar 2009: .83 dollars, 2013: 1.12 dollars 2009: .71 dollars, 2013: 1.11 dollars PreviousNext

Answer 1

Answer: 2009: .62 dollars, 2013: 1.25 dollar

Step-by-step explanation:

In 2009, the US Dollar Exchanged against the Korean Won was something like,

= $1 : 1,600 Won

That means that to get how much USD that 1,000 Won can buy we,

= 1,000/1,600

= $0.62

In 2013, the US Dollar Exchanged against the Korean Won was something like,

= $1 : 800 Won

This shows that the Won became stronger so we can expect to buy more dollars,

Calculating the amount of USD that 1,000 Won can buy we do the following,

= 1,000/800

= $1.25

So the correct option is $0.62 in 2009 and $1.25 in 2013.