An investor purchased 200,000,000 Japanese yen at an exchange rate of 93 yen to the dollar.the yen cost her ________.

Name: An investor purchased 200,000,000 Japanese yen at an exchange rate of 93 yen to the dollar.the yen cost her ________.
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Question

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To find the cost of the yen, we need to divide the amount of yen by the exchange rate:

200,000,000 yen ÷ 93 yen/dollar = $2,150,537.63

Rounding to the nearest cent gives us $2,150,537.60, which is closest to choice C, $21,505.30.

An Investor Purchased 200,000,000 Japanese Yen at an Exchange Rate