If the current dollars/peso exchange rate is $0.10 per peso, so that 10 pesos buy you a dollar, then how many dollars do you need to buy something that costs 50 pesos?
A)$50
B)$5
C)$15
D)$0.50
E)$1.50

Question

Quizplus · Accepted Answer

If 10 pesos equal $1, then divide 50 pesos by 10 to find out how many dollars it is. 50 pesos ÷ 10 = $5. Therefore, you need 5 dollars to buy something that costs 50 pesos. Choice B is the only answer that matches.

If the Current Dollars/peso Exchange Rate Is $0