porter is visiting india and would like to purchase some local spices. he finds some spices that cost 320.38 rupees. if the current exchange rate is 1 dollar 73.6500 rupees, how much do the spices cost in u.s. dollars?

$0.04

$4.35

$22.09

$23,596.00

Question

porter is visiting india and would like to purchase some local spices. he finds some spices that cost 320.38 rupees. if the current exchange rate is 1 dollar 73.6500 rupees, how much do the spices cost in u.s. dollars?

$0.04

$4.35

$22.09

$23,596.00

$0.04

$4.35

$22.09

$23,596.00

Accepted Answer

{ "quality": "clear", "question_count": 1, "skills_matched": [ "step_cot", "multiple_choice_formatter", "explain_then_answer", "quick" ], "needs_drawing": false, "concepts_used": [], "new_concepts": [ "Currency Conversion", "Exchange Rates" ], "current_concepts": [ "Currency Conversion", "Exchange Rates" ] } ## Identify given values and conversion rate $$ \begin{aligned} &\text{Cost in Rupees} = 320.38\text{ rupees} \ &\text{Exchange Rate} = 1\text{ USD} = 73.8500\text{ rupees} \end{aligned} $$ ## Calculate cost in USD $$ \begin{aligned} &\text{Cost in USD} = \frac{320.38}{73.8500} \ &\text{Cost in USD} \approx 4.33825 \end{aligned} $$ ## Round to the nearest cent $$ \text{Cost in USD} \approx \$4.34 $$

$0.04

$4.34

$22.09

$23,659.00

{ "subject": "Mathematics", "question_type": "Multiple Choice", "knowledge_point": [ "Mathematics", "Algebra", "Currency Conversion" ] }

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QUESTION IMAGE

Question

Explanation:

Identify given values and conversion rate

Calculate cost in USD

Round to the nearest cent

Answer: