In 1985,a given Japanese imported automobile sold for 1,476,000 yen,or $8,200.If the car still sold for the same amount of yen today but the current exchange rate is 138 yen per dollar,what would the car be selling for today in U.S.dollars?
A) $11,979
B) $8,450
C) $10,375
D) $10,696
E) $11,444

Question

Quizplus · Accepted Answer

To find out the current price of the car in US dollars, we need to convert the yen price to dollars using the current exchange rate.

1,476,000 yen ÷ 138 yen/dollar = $10,695.65

Rounding to the nearest dollar, the car would be selling for $10,696 today. Therefore, the best choice is D.

In 1985,a Given Japanese Imported Automobile Sold for 1,476,000 Yen,or