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

Question

Accepted Answer

{ "quality": "clear", "question_count": 1, "skills_matched": [ "step_cot", "multiple_choice_formatter", "explain_then_answer", "tutor", "mastery_adaptive_brevity" ], "needs_drawing": false, "concepts_used": [ "Currency Conversion", "Currency Exchange Rates" ], "new_concepts": [], "current_concepts": [ "Currency Conversion", "Currency Exchange Rates" ] } ## 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 $$ \begin{aligned} 3533.1025 &\approx 3533.10 \text{ quetzals} \end{aligned} $$

a. 3,533.10 quetzals

b. 2,131.02 quetzals

c. 768.31 quetzals

d. 48.75 quetzals

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

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Question

Explanation:

Identify the given values and conversion rate

Calculate the amount in Guatemalan quetzals

Round to two decimal places

Answer: