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If the exchange rate of a currency is 1.5 to the dollar, how many dollars will y

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Question: If the exchange rate of a currency is 1.5 to the dollar, how many dollars will you get for 300 units of that currency?

Options:

  1. $150
  2. $200
  3. $250
  4. $300

Correct Answer: $200

Solution: 

Dollars = Currency Amount / Exchange Rate = 300 / 1.5 = $200.

If the exchange rate of a currency is 1.5 to the dollar, how many dollars will y

Practice Questions

Q1
If the exchange rate of a currency is 1.5 to the dollar, how many dollars will you get for 300 units of that currency?
  1. $150
  2. $200
  3. $250
  4. $300

Questions & Step-by-Step Solutions

If the exchange rate of a currency is 1.5 to the dollar, how many dollars will you get for 300 units of that currency?
  • Step 1: Identify the amount of currency you have, which is 300 units.
  • Step 2: Identify the exchange rate, which is 1.5 to the dollar.
  • Step 3: To find out how many dollars you will get, divide the amount of currency (300) by the exchange rate (1.5).
  • Step 4: Perform the calculation: 300 divided by 1.5 equals 200.
  • Step 5: Therefore, you will get $200 for 300 units of that currency.
  • Currency Conversion – Understanding how to convert one currency to another using the exchange rate.
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