Question

1. connor was traveling in mexico and is returning to his home in the united states. he has 2,567 pesos left. the current exchange rate is 1 u.s. dollar is equal to 19.43 pesos. how many u.s. dollars will he have if he converts his leftover pesos to dollars? $2,567 $132.12 $102.68 $3,414

Explanation:

Step1: Identify the formula for currency conversion

To convert pesos to U.S. dollars, we use the formula: \(\text{Amount in dollars} = \frac{\text{Amount in pesos}}{\text{Exchange rate (pesos per dollar)}}\)

Step2: Substitute the given values

We know the amount in pesos is \(2567\) and the exchange rate is \(19.43\) pesos per U.S. dollar. So we calculate:
\(\text{Amount in dollars} = \frac{2567}{19.43}\)

Step3: Perform the division

\(\frac{2567}{19.43} \approx 132.12\)

Answer:

\$132.12 (the option corresponding to this value)