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Suppose the current exchange rate is 108.71 Francs per 1 US dollar and you have 26.55 US dollars. After a no-fee exchange, how many francs would you have?Group of answer choices0.24 francs2886.25 francs4.09 francs82.16 francs

Question

Suppose the current exchange rate is 108.71 Francs per 1 US dollar and you have 26.55 US dollars. After a no-fee exchange, how many francs would you have?Group of answer choices0.24 francs2886.25 francs4.09 francs82.16 francs

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Solution

To calculate how many Francs you would have after a no-fee exchange, you would multiply the amount of US dollars you have by the current exchange rate.

Here's the step-by-step calculation:

  1. Identify the amount of US dollars you have, which is 26.55 USD.
  2. Identify the current exchange rate, which is 108.71 Francs per 1 US dollar.
  3. Multiply the amount of US dollars you have by the current exchange rate.

So, 26.55 USD * 108.71 Francs/USD = 2886.25 Francs

Therefore, after a no-fee exchange, you would have 2886.25 Francs.

This problem has been solved

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