Question

1. leo is traveling to canada for work. he is taking $2,400 with him that he wants to convert to canadian dollars. if the current exchange rate is 1 u.s. dollar is equal to 1.33 canadian dollars, how many canadian dollars will he have when he converts his money?

1,084 canadian dollars
3,192 canadian dollars
3,000 canadian dollars
2,400 canadian dollars

Explanation:

Step1: Identify the formula

To convert U.S. dollars to Canadian dollars, we use the formula: \( \text{Canadian Dollars} = \text{U.S. Dollars} \times \text{Exchange Rate} \)

Step2: Plug in the values

Given, U.S. Dollars = \( 2400 \), Exchange Rate = \( 1.33 \)
So, \( \text{Canadian Dollars} = 2400 \times 1.33 \)

Step3: Calculate the product

\( 2400 \times 1.33 = 3192 \)

Answer:

3,192 Canadian dollars