10
QuizMultiple Choice

Converting Currency

Question 10 • FowU - Financial Math - B

Charles is planning a trip to Guatemala. He has allocated $415 for spending money. If the exchange rate from US dollars to Guatemalan quetzals is 1:8.5135, how much money does Charles have, as measured in quetzals? Round your answer to two decimal places.

Answer
A
3,533.10 quetzals
B
2,131.02 quetzals
C
768.31 quetzals
D
48.75 quetzals

Explanation

Multiply Charles’s $415 by the exchange rate of 8.5135 quetzals per dollar: 415 × 8.5135 = 3,533.1025 quetzals. Rounded to two decimal places, that is 3,533.10 quetzals, choice A.

AI-written and checked against the verified answer.

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