To calculate the number of Mexican pesos you can buy for $180, you need to use the given conversion rates.
First, find the number of foreign currency units (F) you can get for $180 by dividing $180 by the foreign per dollar rate:
F = $180 / 10.6045 = 16.98
Next, find the number of Mexican pesos (P) you can get for one foreign currency unit by dividing 1 by the Mexican pesos per foreign rate:
P = 1 / 0.0943 = 10.61
Finally, multiply the number of foreign currency units (F) by the number of Mexican pesos (P) you can get for one unit to find the total number of Mexican pesos you can buy:
Mexican pesos = F * P = 16.98 * 10.61 = 180.30
Therefore, you can buy 180.30 Mexican pesos for $180.
If Mexican pesos dollars per foreign is 0.0943 and the foreign per dollar is 10.6045, how many Mexican pesos can you buy for $180?
1 answer