Question

You are planning a trip to the United Kingdom and expect that you will spend 2,200 pounds. How much will your spending be in U.S. dollars if the exchange rate is .7269 pounds per dollar?A. $2,579.82.B. $3,892.16.C. $5,597.29.D. $5,890.01.E. $6,044.04.

Answer 1

Answer: $3,026.55

Explanation:

If US$1 is to £0.7269 then that means that the pound is stronger than the dollar because a dollar buys less than a pound in which case £2,200 will be more than $2,200.

It will be;

= 2,200/0.7269

= $3,026.55

Options seem to be for a variant of this question.