Question

Tom is traveling to Canada and will change US$1,000 US dollars into CAD dollars. At the current exchange rate, US$1 is equal to C$1.6403. How much CAD dollars will he get for his trip? Tom will get C$_____CAD dollars.

Answer 1

Answer:

1,640.30 CAD dollars

Explanation:

At the current exchange rate:

$US\ 1=C\ 1.6403$

Multiply both sides of the exchange equation above by 1000.

$\begin{gathered} US\ 1\times1000=C\ 1.6403\times1000 \\ US\operatorname{\ }1,000=C\operatorname{\ }1,640.3 \end{gathered}$

Tom will get 1,640.30 CAD dollars.