You are leaving Mexico and have 3,500 pesos to change into dollars. The exchange rate is now 1,500 pesos to the dollar, How many dollars will you receive? Multiple Choice \[ 50.43 \] \[ 52,33 \] \[ \$
Answer:
You will receive $2.33 (USD) when exchanging 3,500 pesos at an exchange rate of 1,500 pesos to the dollar.
To calculate the amount of dollars you will receive, you can use the exchange rate given, which is 1,500 pesos to 1 dollar. First, divide the amount of pesos you have (3,500) by the exchange rate (1,500 pesos/dollar) to find out how many dollars you will receive.
Mathematically, it can be expressed as:
Dollars = (Amount of pesos) / (Exchange rate)
Dollars = 3,500 pesos / 1,500 pesos/dollar
Dollars ≈ 2.33 dollars (rounded to two decimal places)
So, you will receive approximately $2.33 (USD) when exchanging 3,500 pesos at the given exchange rate.
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