Question

The currency exchange for US dollars (USD) to Canadian dollars (CAD) changes daily. If the rate today is one CAD for every $0.85 USD, how much Canadian money (CAD) would you have if you have $7.82 USD?

Answer 1

Answer: 9.20 CAD

Explanation:

Let this be our conversion factor.

1 CAD = $0.85 USD

We want to go from $7.82 USD to CAD

`7.82USD((1CAD)/(0.85USD)) =9.20CAD`