Explore BrainMass

Explore BrainMass

    Exchanges and money

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    You just returned from some traveling thoughout the Americas. You started your trip with $20,000 in your pocket. You spent 3.4 million pesos while in Chile and 16,500 bolivares in Venezuela. Then on the way home you spent 47,500 pesos in Mexico. How many dollars did you have left by the time you returned to the US given the following exchange rates?(Note: Multiple symbols are used to designate various currencies. ex. US dollar is notated as $ or USD.)

    Country U.S. $ Equivelent Currency per U.S. $
    Chile ? 668.0001
    Mexico 0.0777 ?
    Venezuela ? 2.1473

    a. 1,113 USD
    b. 3,535 USD
    c. 4,117 USD
    d. 4,244 USD
    e. 7,408 USD

    © BrainMass Inc. brainmass.com June 4, 2020, 12:23 am ad1c9bdddf
    https://brainmass.com/business/finance/exchanges-money-335974

    Solution Preview

    Initial amount is $20,000
    In Chile 3,400,000 peso is spent which is equivalent t0 ...

    Solution Summary

    The solution explains how to calculate the amount of dollars left after returning to US from a trip abroad. The multiple symbols used to designate various currencies are determined.

    $2.19

    ADVERTISEMENT