You just returned from some extensive traveling throughout the Americas. You started your trip with $10,000 in your pocket. You spent 1.4 million pesos while in Chile. You spent another 40,000
Bolivars in Venezuela. Then on the way home, you spent 34,000 pesos in Mexico. How many
Dollars did you have left by the time you returned to Canada given the following exchange rates?

Question

Quizplus · Accepted Answer

1.4 million pesos = $2,440.53 USD (using the exchange rate of 1 USD = 573.81 CLP)
40,000 bolivars = $3.57 USD (using the exchange rate of 1 USD = 11,200 VES)
34,000 pesos = $1,651.22 USD (using the exchange rate of 1 USD = 20.56 MXN)

Total spent in USD = $2,440.53 + $3.57 + $1,651.22 = $4,095.32

Starting with $10,000 and subtracting the total spent of $4,095.32 gives us $5,904.68 as the remaining amount in USD.

The closest answer choice is D) $4,244, which is only $339.68 higher than our calculated amount. Therefore, the best choice is D).

You Just Returned from Some Extensive Traveling Throughout the Americas