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Compute the amount of each foreign currency that can be purchased for $500,000: a. 1 Danish krone = $0.170 (Round your answerc. 1 Israeli shekel = $0.2751 (Round your answer to 2 decimal places.) Foreign currency shekel

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Answer #1

You have $500,000

a) 1 Danish Krone = $0.170

? Danish Krone = $500,000

Number of Danish Krone = $500,000/$0.170 = 2,941,176.47

b) 1 Indian Rupee = $0.0184

? Indian Rupee = $500,000

Number of Indian Rupee = $500,000/$0.0184 = 27,173,913.04

c) 1 Israeli Shekel = $0.2751

? Israeli Shekel = $500,000

Number of Danish Krone = $500,000/$0.2751 = 1,817,520.90

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