Question

You find yourself with 11 guilders (a gold coin) but you are planing on taking a trip to a country where the local currency is the florin.

The current exchange rate is 2.7 guilders for every 1.2 florins.
Using the above exchange rate, how many florins can you exchange your 11 guilders for?
Round your answer to the nearest tenth of a florin (1 decimal place).
(Hints: Treat the exchange rate as a conversion factor.
Assume no service charge for the transaction)

Your Answer
_______________

Answer 1

4.9 Guilders

Step-by-step explanation:

Data:

Available Guilders = 11

Exchange Rate = 2.7 Guilders = 1.2 Florins

Solution:

As we know,

2.7 Guilders are equal to = 1.2 Florins

Then,

11 Guilders will be equal to = X Florins

Solving for X,

X = (11 Guilders × 1.2 Florins) ÷ 2.7 Guilders

X = 4.8888889 Guilders

Or rounded to two significant figures,

X = 4.9 Guilders