Geoffery went on a trip across South America. He took 1,750 US dollars (USD) with him. In Chile, he traded his money for Chilean pesos (CLP) at a rate of USD:CLP = 1:496.5000. He spent 217,513 pesos before he went to Venezuela. In Venezuela, he traded his Chilean pesos for Venezuelan bolivars (VEF) at a rate of CLP:VEF = 1:0.1283. During his time in Venezuela, he spent 38,422.19 bolivars. At his next stop, Paraguay, he traded his Venezuelan bolivars for Paraguayan guarani (PYG) at a rate of VEF:PYG = 1:1063.9500. He spent 12,857,441.39 guarani before returning to the United States, where he traded his Paraguayan guarani for US dollars at a rate of PYG:USD = 1:0.00002186. How much money did Geoffery have remaining, in US dollars? Round all currency values to two decimal places.

To calculate, 1st convert 1,750 USD to CLP by multiplying it with exchange rate 496.50 CLP/1USD. Total is CLP 868,875. Then by subtracting the expenses in CLP (CLP 217,513), remaining is CLP 651,362. Convert it to VEF by multiplying the exchange rate 0.1283 VEF/1 CLP. Resulting is VEF 83,569.74. Then, subtract it with the expenses in VEF (VEF 31,422.19). Remaining VEF is VEF 45,147.55. Next, convert it to PYG by multiplying it with 1,063.95 PYG/1 VEF. Result is PYG 48,034,740.72. Next, subtract it with the expenses in PYG (PYG 12,857,441.39). Difference is PYG 35,177,299.33. Lastly, convert if to USD by multiplying it with 0.00002186 USD/1 PYG. Final answer is USD 768.98.

MsEHolt MsEHolt · Answer 2 · 2019-01-10T02:44:09+01:00

Answer:

$768.98

Step-by-step explanation:

Converting $1750 USD to Chilean pesos, we have

1750(496.5) = 868,875 CLP.

Spending 217,513 pesos gives us

868,875 - 217,513 = 651,362

Converting CLP to VEF, we have

651362*0.1283 = 83569.74

Spending 38,422.19 bolivars leaves us with

83,569.74 - 38,422.19 = 45,147.55

Converting VEF to PYG, we have

45147.55(1063.95) = 48,034,735.82

Spending 12,857,441.39 guarani leaves us with

48,034,735.82-12,857,441.39 = 35,177,294.43

Converting these PYG back to USD gives us

35,177,294.43(0.00002186) = 768.98