Question

if the exchange rate is 1 usd = 145 jpy (japanese yen), how many us dollars are needed to obtain 5,000 jpy without a transaction fee? select the correct amount. 145.00 usd 68.96 usd 725 usd 34.48 usd

Explanation:

Step1: Set up the proportion

Let $x$ be the number of US - dollars needed. We know that the exchange rate is $1$ USD = $145$ JPY. So the proportion is $\frac{1}{145}=\frac{x}{5000}$.

Step2: Solve the proportion for $x$

Cross - multiply: $145x = 5000$. Then $x=\frac{5000}{145}\approx34.48$.

Answer:

D. 34.48 USD