Question

10. If one Canadian dollar buys $1. 0385 of US dollars, how much US money can you spend so that you do not exceed the maximum duty-free amount of $800 Canadian on your next US vacation? 11. Solve: 12

Answer 1

• Answer: Hence, X = 830.8

Hence, You can SPEND UP-TO $830.8 US DOLLARS WITHOUT EXCEEDING the MAXIMUM DUTY-FREE amount of $800 CANADIAN DOLLARS.

• Explanation:

• MAKE A PLAN:

We need to find the amount of US DOLLARS that is EQUIVALENT to $800 CANADIAN DOLLARS, using the GIVEN EXCHANGE RATE.

• SOLVE THE PROBLEM:

(1) - Set up the Conversion Equation:

ONE (1) CANADIAN DOLLAR = 1.0385 US DOLLARS

EIGHT HUNDRED (800) CANADIAN DOLLARS = X US DOLLARS

• (2) - SOLVE FOR X:

X = 800 * 1.0385

X = 4154 / 5

X = 830 4/5

X = 830.8

• DRAW THE CONCLUSION: Hence, X = 830.8

Hence, You can SPEND UP-TO $830.8 US DOLLARS WITHOUT EXCEEDING the MAXIMUM DUTY-FREE amount of $800 CANADIAN DOLLARS.

I hope this helps you!