Currency Conversions.

Currency Conversions. Use the currency exchange rates. 1.) Your dinner in London cost 82 British pounds. How much was it in U.S dollars? 2.) Your hotel rate in Tokyo is 45,000 yen per night. What is the nightly rate in U.S dollars? 3.) As you leave Paris, you covert 320 euros to dollars. How many dollars do you receive? 4.) You return from Mexico with 2500 pesos. How much are they worth in U.S dollars? 5.) Gasoline sells for 1.5 euros/ liters in Bonn. What is the price is U.S dollars per gallon? (1 gal = 3.785 L) 6.) You purchase fresh strawberries in Mexico for 28 pesos per kilograms. What is the price is U.S, dollars per pound? (1 kg = 2.205 lb

The Correct Answer and Explanation is:

To perform the currency conversions, we need to know the exchange rates for each of the following:

• GBP to USD (British Pound to U.S Dollar)
• JPY to USD (Japanese Yen to U.S Dollar)
• EUR to USD (Euro to U.S Dollar)
• MXN to USD (Mexican Peso to U.S Dollar)
• EUR to USD for the price of gasoline in Bonn

Since exchange rates can vary, I’ll use typical exchange rates for this calculation. Keep in mind these rates might be different depending on the exact time you check:

• 1 GBP = 1.30 USD (British Pound to U.S Dollar)
• 1 JPY = 0.007 USD (Japanese Yen to U.S Dollar)
• 1 EUR = 1.05 USD (Euro to U.S Dollar)
• 1 MXN = 0.056 USD (Mexican Peso to U.S Dollar)

Let’s solve each part of the question:

1) Dinner in London:

Cost: 82 GBP
Conversion:
82 GBP × 1.30 USD/GBP = 106.60 USD

2) Hotel Rate in Tokyo:

Cost: 45,000 JPY
Conversion:
45,000 JPY × 0.007 USD/JPY = 315 USD

3) Exchange from Paris:

Amount: 320 EUR
Conversion:
320 EUR × 1.05 USD/EUR = 336 USD

4) Exchange from Mexico:

Amount: 2,500 MXN
Conversion:
2,500 MXN × 0.056 USD/MXN = 140 USD

5) Gasoline in Bonn:

Price per liter: 1.5 EUR
First, find the price in USD per liter:
1.5 EUR × 1.05 USD/EUR = 1.575 USD/Liter
Now convert to USD per gallon (1 gallon = 3.785 liters):
1.575 USD × 3.785 = 5.95 USD/Gallon

6) Strawberries in Mexico:

Price per kilogram: 28 MXN
First, convert to USD:
28 MXN × 0.056 USD/MXN = 1.568 USD/Kg
Now, convert kilograms to pounds (1 kg = 2.205 pounds):
1.568 USD ÷ 2.205 = 0.71 USD/Pound

Final Results:

1. Dinner in London: 106.60 USD
2. Hotel rate in Tokyo: 315 USD
3. Exchange from Paris: 336 USD
4. Exchange from Mexico: 140 USD
5. Gasoline price in Bonn: 5.95 USD/Gallon
6. Strawberries price in Mexico: 0.71 USD/Pound

These calculations give an estimate based on typical exchange rates, but the actual rates could fluctuate.