{"id":204219,"date":"2025-03-21T16:04:39","date_gmt":"2025-03-21T16:04:39","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=204219"},"modified":"2025-03-21T16:04:41","modified_gmt":"2025-03-21T16:04:41","slug":"you-are-leaving-mexico-and-have-290-pesos-to-change-into-dollars","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2025\/03\/21\/you-are-leaving-mexico-and-have-290-pesos-to-change-into-dollars\/","title":{"rendered":"You are leaving Mexico and have 290 pesos to change into dollars"},"content":{"rendered":"\n

You are leaving Mexico and have 290 pesos to change into dollars. The exchange rate is now 12 pesos to the dollar. Approximately how many dollars will you receive?<\/p>\n\n\n\n

A. $24.17 <\/p>\n\n\n\n

B. $3025.00 <\/p>\n\n\n\n

C. $264.00 <\/p>\n\n\n\n

D. $3,480.00<\/p>\n\n\n\n

The correct answer and explanation is :<\/strong><\/mark><\/p>\n\n\n\n

The correct answer is A. $24.17<\/strong>.<\/p>\n\n\n\n

Explanation:<\/h3>\n\n\n\n

To convert pesos into dollars, you need to divide the number of pesos by the current exchange rate. The exchange rate provided is 12 pesos for 1 dollar. This means that for every 12 pesos, you get 1 dollar.<\/p>\n\n\n\n

The amount of pesos you have is 290. To find how many dollars you can receive, we use the following calculation:<\/p>\n\n\n\n

[
\\text{Amount in dollars} = \\frac{\\text{Amount in pesos}}{\\text{Exchange rate}}
]<\/p>\n\n\n\n

[
\\text{Amount in dollars} = \\frac{290 \\, \\text{pesos}}{12 \\, \\text{pesos per dollar}}
]<\/p>\n\n\n\n

[
\\text{Amount in dollars} = 24.17 \\, \\text{dollars}
]<\/p>\n\n\n\n

So, when you exchange 290 pesos at an exchange rate of 12 pesos per dollar, you will receive approximately $24.17<\/strong>.<\/p>\n\n\n\n

Step-by-step Breakdown:<\/h3>\n\n\n\n
    \n
  1. Given<\/strong>: You have 290 pesos and the exchange rate is 12 pesos per dollar.<\/li>\n\n\n\n
  2. Formula to use<\/strong>: Amount in dollars = Amount in pesos \u00f7 Exchange rate.<\/li>\n\n\n\n
  3. Substitute the values:<\/li>\n<\/ol>\n\n\n\n
      \n
    • Amount in pesos = 290<\/li>\n\n\n\n
    • Exchange rate = 12<\/li>\n<\/ul>\n\n\n\n
        \n
      1. Perform the division:
        [
        290 \\div 12 = 24.17
        ]<\/li>\n\n\n\n
      2. Therefore, the total you will receive is approximately $24.17<\/strong>.<\/li>\n<\/ol>\n\n\n\n

        Why the Other Options are Incorrect:<\/h3>\n\n\n\n
          \n
        • B. $3025.00<\/strong>: This amount is far too high. If you were receiving 1 dollar for every 1 peso, this would make sense, but here the exchange rate is 12 pesos per dollar.<\/li>\n\n\n\n
        • C. $264.00<\/strong>: This amount is much higher than what you would get with only 290 pesos at a 12-peso-per-dollar exchange rate.<\/li>\n\n\n\n
        • D. $3,480.00<\/strong>: This amount is also unrealistic for 290 pesos at the given exchange rate.<\/li>\n<\/ul>\n\n\n\n

          Thus, $24.17<\/strong> is the correct and accurate answer.<\/p>\n","protected":false},"excerpt":{"rendered":"

          You are leaving Mexico and have 290 pesos to change into dollars. The exchange rate is now 12 pesos to the dollar. Approximately how many dollars will you receive? A. $24.17 B. $3025.00 C. $264.00 D. $3,480.00 The correct answer and explanation is : The correct answer is A. $24.17. Explanation: To convert pesos into […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-204219","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/204219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=204219"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/204219\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=204219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=204219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=204219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}