The exchange rate between the US dollar and the Thai Baht is $1 US to 31.64 baht. How many US dollars would you receive in exchange for 50 baht?

Question

Quizplus · Accepted Answer

The exchange rate between the US dollar and the Thai Baht is $1 US to 31.64 baht. How many US dollars would you receive in exchange for 50 baht? In this problem, you are asked to determine the amount of money you would obtain through an exchange of currencies. We know that the exchange rate between baht and the U.S. dollar is 1 U.S. dollar is equal to 31.64 baht. If we were to right it as a ratio, it would look like: 1 : 31.64 Step 1: Represent the exchange rate as a fraction. In order to perform this conversion, we need to write the exchange rate (the ratio) as a fraction. The numerator should be the currency you would like to convert to (U.S. dollars) and the denominator will be the currency you have (baht). ¹/_31.64 Step 2: Multiply the exchange rate fraction by the amount you would like to exchange: 50 • ¹/_31.64 ⁵⁰/_31.64= $1.58

The Exchange Rate Between the US Dollar and the Thai