In 1997, a given Japanese imported automobile sold for 1,476,000 yen, or $8,200. If the car still sold for the same amount of yen today but the current exchange rate is 110 yen per dollar, what would the car be selling for today in Canadian dollars?

Question

Quizplus · Accepted Answer

To find the current selling price in Canadian dollars, we need to first convert 1,476,000 yen to dollars using the current exchange rate:

1,476,000 yen / 110 yen per dollar = $13,418.18

Therefore, the Japanese imported automobile would be selling for $13,418.18 in Canadian dollars today. The correct choice is D.

In 1997, a Given Japanese Imported Automobile Sold for 1,476,000