Question

PLEASE HELP EXPLAIN YOUR ANSWER!!!

Kenya exchanges $150 for British pounds(£). Suppose the conversion rate is £1 = $1.60. How many pounds should she receive? (1 point)
 

£240.00

£160.00

£100.01

£93.75

Answer 1

Given that Kenya exchanges $150 for British pound(£), and the conversion rate is £1= $1.60 then the number of pounds Kenya should receive will be:
Amount=x
x=150/1.60×1
x=£93.75
There the amount Kenya will receive will be £93.75.
This is because pound is stronger than the dollar.