Suppose you are working for a small start up as a purchasing agent. You are purchasing a product that requires that you pay in b

Question

1 year ago

5

itcoins. The product costs 1.75 bitcoins. The exchange rate is 0.0035 bitcoins per dollar. What will the product cost you in U.S. dollars

1 answer:

irina1246 [14] · Answer 1 · 2023-03-13T02:10:07+03:00

The product cost in US dollars given the exchange rate of bitcoins per dollar is $500.

<h3>What is the product cost in US dollars?</h3>

The exchange rate is the rate at which one currency is exchanged for another currency. In this question, 1 dollar is equivalent to 0.0035.

$1 = 0.0035 bitcoins

1.75 / 0.0035 = $500

To learn more about exchange rate, please check: brainly.com/question/25780725