Convert 5 dollars to Indian rupees? Do it step by step?
The Correct Answer and Explanation is:
To convert 5 US dollars (USD) into Indian Rupees (INR), we need to use the exchange rate between the two currencies. Here’s how you can do it step-by-step:
Step 1: Find the current exchange rate
The exchange rate between USD and INR can fluctuate over time. As of my most recent data, let’s assume the exchange rate is 1 USD = 83 INR (please note that this rate can vary, so it’s essential to check the current rate for an accurate conversion).
Step 2: Multiply the amount in USD by the exchange rate
Now that we have the exchange rate, we multiply the amount in dollars by this rate to convert it into rupees. The equation is:5 USD×83 INR/USD5 \, \text{USD} \times 83 \, \text{INR/USD}5USD×83INR/USD
Step 3: Perform the multiplication
Multiply 5 by 83:5×83=4155 \times 83 = 4155×83=415
Step 4: Conclusion
So, 5 US dollars is equivalent to 415 Indian Rupees at an exchange rate of 1 USD = 83 INR.
Explanation:
The process of currency conversion relies on the exchange rate, which tells you how much one unit of currency (USD, in this case) is worth in another currency (INR). The exchange rate can fluctuate daily due to various economic factors such as inflation, interest rates, and market sentiment. Always ensure that you’re using an up-to-date exchange rate when converting currencies for the most accurate results.
Since exchange rates can change frequently, you should double-check the latest rate if you’re making an actual conversion. There are various online platforms, such as XE.com or Google, where you can check the real-time exchange rate.
