Question

Albania is an Eastern European country that uses a currency called the Albanian Lek (ALL). Right now, $1 (1 USD) exchanges for 106.40 ALL. How many dollars (USD) could you exchange for 1,000,000 ALL? Answer: 1,000,000 ALL = _______ USD. Round your answer to two (2) decimal places. *

Answer 1

Answer:

$9398.50

Step-by-step explanation:

Given

$\ 1 = 106.40\ ALL$

Required

Equivalent of 1,000,000 ALL

We have:

$\ 1 = 106.40\ ALL$

and

$\ x = 1000000\ ALL$

Cross Multiply

$x * 106.40 = 1 * 1000000$

$106.40x = 1000000$

Solve for x

$x = 1000000/106.4$

$x = \ 9398.50$ -- Approximated