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charles is planning a trip to guatemala. he has allocated \\$415 for sp…

Question

charles is planning a trip to guatemala. he has allocated \\$415 for spending money. if the exchange rate from us dollars to guatemalan quetzals is 1:8.5135, how much money does charles have, as measured in quetzals? round your answer to two decimal places.
a. 3,533.10 quetzals
b. 2,131.02 quetzals
c. 768.31 quetzals
d. 48.75 quetzals

Explanation:

Response

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<reasoning>

Identify the given values and conversion rate

Using the Currency Exchange Rates knowledge point
\[

$$\begin{aligned} &\text{Amount in USD} = \$415 \\ &\text{Exchange Rate (USD to GTQ)} = 1 : 8.5135 \end{aligned}$$

\]

Calculate the amount in Guatemalan quetzals

Using the Currency Conversion knowledge point
\[

$$\begin{aligned} \text{Amount in GTQ} &= 415 \times 8.5135 \\ &= 3533.1025 \end{aligned}$$

\]

Round to two decimal places

\[

$$\begin{aligned} 3533.1025 &\approx 3533.10 \text{ quetzals} \end{aligned}$$

\]
</reasoning>

<answer>
<mcq-correct>a. 3,533.10 quetzals</mcq-correct>
<mcq-option>b. 2,131.02 quetzals</mcq-option>
<mcq-option>c. 768.31 quetzals</mcq-option>
<mcq-option>d. 48.75 quetzals</mcq-option>
</answer>

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Answer:

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<reasoning>

Identify the given values and conversion rate

Using the Currency Exchange Rates knowledge point
\[

$$\begin{aligned} &\text{Amount in USD} = \$415 \\ &\text{Exchange Rate (USD to GTQ)} = 1 : 8.5135 \end{aligned}$$

\]

Calculate the amount in Guatemalan quetzals

Using the Currency Conversion knowledge point
\[

$$\begin{aligned} \text{Amount in GTQ} &= 415 \times 8.5135 \\ &= 3533.1025 \end{aligned}$$

\]

Round to two decimal places

\[

$$\begin{aligned} 3533.1025 &\approx 3533.10 \text{ quetzals} \end{aligned}$$

\]
</reasoning>

<answer>
<mcq-correct>a. 3,533.10 quetzals</mcq-correct>
<mcq-option>b. 2,131.02 quetzals</mcq-option>
<mcq-option>c. 768.31 quetzals</mcq-option>
<mcq-option>d. 48.75 quetzals</mcq-option>
</answer>

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