Question

Rob is going over his currency exchange receipts from his trip to Japan and South Korea. When he was in Japan, he exchanged US dollars for Japanese yen at a rate of 1:87.441, and when he was in South Korea, he exchanged Japanese yen for South Korean won at a rate of 1:12.395. To three decimal places, what was the exchange rate of US dollars to South Korean won?
a.
1:0.092
b.
1:7.055
c.
1:99.836
d.
1:1,083.831


Please select the best answer from the choices provided

A
B
C
D

Answer 1

D

1 USD = 87.441 JPY and 1 JPY = 12.395 KRW, so 1 USD = 87.441 × 12.395 = 1,083.831 (to three decimal places).