Question

You are preparing for a trip to Canada. At the time of your trip, each U.S. Dollar is worth 1.293 Canadian dollars and each Canadian dollar is worth 0.773 U.S. Dollar. a. You exchange 150 U.S. Dollars for Canadian dollars. How many Canadian dollars do you receive?

Answer 1

193.95 Canadian dollars

Explanation:

Given: Each U.S. Dollar is worth 1.293 Canadian dollars and each Canadian dollar is worth 0.773 U.S. Dollar.

To find: Value of 150 U.S. dollars in terms of Canadian dollars

Value of 1 U.S. dollar = 1.293 Canadian dollars

To find 150 U.S. dollars in terms of Canadian dollars, multiply 150 by 1.293

Value of 150 U.S. dollars in terms of Canadian dollars = 150 × 1.293 = 193.95 Canadian dollars