Steven converted $1,000 to ¥105,000 for a trip to Japan. However, he spent only ¥50,000. During this period, the value of the dollar weakened against the yen. Using a current exchange rate of $1 = ¥100, how many dollars does Steven have left?

Question

Quizplus · Accepted Answer

Steven has ¥55,000 left (¥105,000 - ¥50,000). At the current exchange rate of $1 = ¥100, ¥55,000 is equal to $550.

Steven Converted $1,000 to ¥105,000 for a Trip to Japan