Question

Robert is traveling to Mexico for a family vacation. He is bringing 625 U.S. dollars with him. Robert needs to exchange his money for Mexico's currency, pesos. If the exchange rate is 13.25 pesos for every dollar, how many pesos should Robert get in exchange?
A
47.17 pesos

B
611.75 pesos

C
638.25 pesos

D
8281.25 pesos

Answer 1

Robert should get D. 8281.25 pesos in exchange.

Explanation:

• Robert is bringing 625 U.S. dollars with him to Mexico. He needs to exchange the money he has with him to Mexico's currency i.e. from U.S. dollars to Mexican pesos.
• The exchange rate is 13.25 Mexican pesos for each U.S. dollar. So                               1 U.S. dollar = 13.25 Mexican pesos.
• So to calculate how much 625 U.S. dollars is in pesos we multiply 625 with the exchange rate i.e. 13.25 pesos                                                        625 U.S dollars = 625 × 13.25 = 8281.25 Mexican pesos.