Asked by Chelsey Benoy on May 30, 2024
Verified
The current exchange rates show that C$1.00 = US$0.9672. If you have $120 Canadian dollars, what is the equivalent amount in US dollars?
A) US$116.06
B) US$143.71
C) US$124.07
D) US$83.50
E) US$100
Canadian Dollars
The Canadian dollar is the currency of Canada, often represented by the symbol CAD or simply $.
- Understand and apply concepts of currency conversion and exchange rates.
Verified Answer
RS
Rohit SharmaJun 03, 2024
Final Answer :
A
Explanation :
To find the equivalent amount in US dollars, multiply the amount in Canadian dollars by the exchange rate: $120 * 0.9672 = US$116.06.
Learning Objectives
- Understand and apply concepts of currency conversion and exchange rates.