Question

You are returning from Mexico and want to convert 5,00 pesos to US dollar . The rate of exchange that day is 1 pesos is 0.55 . How many dollars will you receive for your pesos ?

Answer 1

Hey there! I'm happy to help!

We see that 1 peso is equal to 0.55 U.S. dollars. So, the amount we will get in U.S dollars is the same as $5000×0.55 because 0.55 US dollars is equal to one peso!

5000×0.55=2750

Therefore, you will receive $2750.

Have a wonderful day!