16
QuizMultiple Choice

Converting Currency

Question 16 • FowU - Financial Math - B

Jun, who lives in the United States, is on a trip to South America. He is going first to Argentina, where the currency is the Argentine peso ($), then to Bolivia, where the currency is the Bolivian boliviano (Bs.). As he is traveling from Argentina to Bolivia, he finds that he has the equivalent of US $671 in pesos, which he wishes to convert to bolivianos. If, at the time of Jun’s exchange, the exchange rate of the US dollar to the Argentine peso is 1:3.8056 and the exchange rate of the Argentine peso to the Bolivian boliviano is 1:1.8903, how many bolivianos does Jun have? Round all currencies to two decimal places.

Answer
A
93.28 Bs.
B
1,268.39 Bs.
C
2,553.56 Bs.
D
4,826.99 Bs.

Explanation

First convert Jun’s US$671 to Argentine pesos: 671 × 3.8056 = 2,553.56 pesos (rounded to two decimal places). Then convert those pesos to bolivianos: 2,553.56 × 1.8903 ≈ 4,826.99 Bs. The correct choice is 4,826.99 Bs.

AI-written and checked against the verified answer.

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