mitchell travels from the us to canada, where he exchanges 150 us dollars for canadian dollars. he then…

mitchell travels from the us to canada, where he exchanges 150 us dollars for canadian dollars. he then spends 20 canadian dollars, returns to the us, and exchanges the remaining money back to us dollars. how many us dollars does mitchell have remaining?\n129.46\n130.00\n130.62\n134.59\ncurrency\tusd/1 unit\tunits/1 usd\ncanadian dollar\t0.97071\t1.03017\neuro\t1.35261\t0.73931\njapanese yen\t0.01007\t99.30487\nindian rupee\t0.01594\t62.73526

mitchell travels from the us to canada, where he exchanges 150 us dollars for canadian dollars. he then spends 20 canadian dollars, returns to the us, and exchanges the remaining money back to us dollars. how many us dollars does mitchell have remaining?\n129.46\n130.00\n130.62\n134.59\ncurrency\tusd/1 unit\tunits/1 usd\ncanadian dollar\t0.97071\t1.03017\neuro\t1.35261\t0.73931\njapanese yen\t0.01007\t99.30487\nindian rupee\t0.01594\t62.73526

Answer

Answer:

C. 130.62

Explanation:

Step1: Calculate CAD received

150 US - dollars are exchanged for Canadian - dollars. Since 1 US dollar = 1.03017 Canadian dollars, the amount of Canadian dollars received is $150\times1.03017 = 154.5255$ CAD.

Step2: Calculate remaining CAD

He spends 20 Canadian dollars. So the remaining Canadian dollars are $154.5255−20=134.5255$ CAD.

Step3: Calculate remaining USD

To convert the remaining Canadian dollars back to US dollars, since 1 US dollar = 1.03017 Canadian dollars (or 1 CAD=$\frac{1}{1.03017}$ USD), the amount of US dollars is $134.5255\times\frac{1}{1.03017}\approx130.62$ USD.