Question

The exchange rate between Mexican pesos and U.S. dollars is 12.54 pesos to 1 dollar. If George travels to Mexico and converts $500 to pesos for spending money, how many pesos will he have? Round your answer to the nearest peso.

Answer 1

Answer: 6270 pesos

Explanation:

let x = 1 USD

x = 12.54

($1.00 Dollars=12.54 Pesos)

If we have 500 Dollars, that would be equal to 500x

Because we multiplied the left side of the equation by 500, we would do the same to the right side. Then you would have your answer.

Step by step equations:

let x = 1 USD

x = 12.54

500x = (500)12.54

or

$500 = 6270.00