The following table shows the number of U.S. dollars required to buy one Mexican peso and the number of U.S. dollars required to buy one Japanese yen between January 1, 2013, and April 1, 2013. Use this table to answer the questions that follow.

-On April 1,2013,Carlos paid 800,000 Japanese yen for a solid gold iPhone case in Fukushima,Japan.Because he only had Mexican pesos,he needed to exchange his pesos at a nearby bank in order to get the 800,000 yen he used to pay for the iPhone case.The bank is able to buy and sell U.S.dollars,Mexican pesos,and Japanese yen at the exchange rates shown in the table.Approximately how much did the iPhone case cost Carlos in terms of Mexican pesos?

Question

The following table shows the number of U.S. dollars required to buy one Mexican peso and the number of U.S. dollars required to buy one Japanese yen between January 1, 2013, and April 1, 2013. Use this table to answer the questions that follow.
 
-On April 1,2013,Carlos paid 800,000 Japanese yen for a solid gold iPhone case in Fukushima,Japan.Because he only had Mexican pesos,he needed to exchange his pesos at a nearby bank in order to get the 800,000 yen he used to pay for the iPhone case.The bank is able to buy and sell U.S.dollars,Mexican pesos,and Japanese yen at the exchange rates shown in the table.Approximately how much did the iPhone case cost Carlos in terms of Mexican pesos?

Quizplus · Accepted Answer

On April 1, 2013, one US dollar can buy 12.17 Mexican pesos and 94.08 Japanese yen. Therefore, $800,000 Japanese yen is equivalent to $8,508.47 US dollars ($800,000 ÷ 94.08). Convert this amount to Mexican pesos by multiplying with the exchange rate of 12.17: 8,508.47 × 12.17 = 103,580.07 Mexican pesos. Thus, the iPhone case cost Carlos approximately 106,133 Mexican pesos (rounded to the nearest whole number).

The Following Table Shows the Number of U