Use the following table of exchange rates to solve the problem. Round your answer when appropriate. $$\begin{array} { l | c | c }
\text { Currency } & \text { Dollars per Foreign } & \text { Foreign per Dollar } \
\hline \text { British pound } & 1.624 & 0.6158 \
\text { Canadian dollar } & 1.005 & 0.9950 \
\text { European euro } & 1.320 & 0.7576 \
\text { Japanese yen } & 0.0120 & 83.33 \
\text { Mexican peso } & 0.07855 & 12.73
\end{array}$$
-A fresh juice stand in Montreal sells a large glass of orange juice for 4.40 Canadian dollars. If you buy 5 glasses, how much have you spent in (U.S.)dollars?
A)$29.04
B)$16.67
C)$22.11
D)$21.89

Question

Use the following table of exchange rates to solve the problem. Round your answer when appropriate. $$\begin{array} { l | c | c } 
\text { Currency } & \text { Dollars per Foreign } & \text { Foreign per Dollar } \
\hline \text { British pound } & 1.624 & 0.6158 \
\text { Canadian dollar } & 1.005 & 0.9950 \
\text { European euro } & 1.320 & 0.7576 \
\text { Japanese yen } & 0.0120 & 83.33 \
\text { Mexican peso } & 0.07855 & 12.73
\end{array}$$
-A fresh juice stand in Montreal sells a large glass of orange juice for 4.40 Canadian dollars. If you buy 5 glasses, how much have you spent in (U.S.)dollars?
A)$29.04
B)$16.67
C)$22.11
D)$21.89

Quizplus · Accepted Answer

To find the total cost in U.S. dollars, first calculate the total cost in Canadian dollars for 5 glasses: 5 glasses * 4.40 Canadian dollars/glass = 22 Canadian dollars. Then, convert to U.S. dollars using the exchange rate given: 22 Canadian dollars * 0.9950 U.S. dollars/Canadian dollar = 21.89 U.S. dollars, which rounds to $22.11 when rounded appropriately.

Use the Following Table of Exchange Rates to Solve the Problem