Question

Mexican currency is the peso. One Mexican peso is currently equal to 0.055 U.S. dollars. If a traveler exchanges $400 for Mexican pesos, how many pesos will he receive? Round to the nearest peso.

Answer 1

22

Explanation:

If one Mexican peso is .055 U.S dollars that means it has a greater value than the dollar so we can make the following ratio 1:.055. But if the .055 is a 400 1:400 we just multiply to get 22.

Answer 2

7,273 Pesos

Explanation:

1 Peso = $0.055

The formula below converts pesos to dollars:

1 Peso x 0.055 = $1

The formula below converts dollars to pesos:

$1/0.055= 1 Pesos

We use the second formula because we are coverting

from dollars to pesos.

$400/0.055=7,273 Pesos