Suppose you want to convert U.S. dollars to Indian rupees. If you have $120,000 and the exchange rate is $.0159 per rupee, how many rupees (in millions)will you receive in the conversion?

Question

Quizplus · Accepted Answer

To convert dollars to rupees, we need to multiply the dollar amount by the exchange rate:

120,000 * 0.0159 = 1,908

This gives us the amount of rupees we would receive if we only converted $1. To find the total amount of rupees we would receive for $120,000, we need to multiply by 120,000:

1,908 * 120,000 = 229,080,000

However, the question asks us to give the answer in millions. Therefore, we need to divide by 1 million:

229,080,000 / 1,000,000 = 229.08 million

Thus, we would receive approximately 7.55 million rupees in the conversion. Therefore, the best choice is D.

Suppose You Want to Convert U