Use the following information to answer this question. &
|
Use the following information to answer this question. US $ equivalent Currency per $ Euro 1.3491 0.7412 Swiss Franc 0.9417 1.0619 Australian dollar 0.2355 4.2463 |
A Saab convertible cost A$90,000, how expensive is this car in US dollars?
| A. |
$2119.50 |
|
| B. |
$21,195 |
|
| C. |
$42,400 |
|
| D. |
$382,167 |
|
| E. |
none |
Homework Answers
Solution :
As per the information given in the question we have
A Saab convertible cost = A$ 90,000
Exchange rate of 1 US Dollar = A$ 4.2463
Thus the cost of the car in US Dollars = Cost of the car in Australian Dollar / Exchange rate of 1 US Dollar
= A$ 90,000 / A$ 4.2463
= $ 21,194.92
= $ 21,195 ( when rounded off to the nearest whole number )
Thus the car is worth $ 21,195
The solution is Option B. $ 21,195
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