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July 31, 2014

July 31, 2014

Posted by **Mary** on Monday, November 11, 2013 at 10:03am.

Two college students went on spring break to Guadalajara, Mexico. One took the vacation in 2002, while the other went in 2006. Each student had $500 to spend. In 2002, the exchange rate of MXN/USD (Mexican pesos to U.S. dollars) was 9. In 2006, the exchange rate was 11. A hotel room in Guadalajara cost 200 pesos per night in 2002, and 220 pesos in 2006. If each spent five nights in a hotel, which student had more pesos left over? Exactly how many did that student have?

- U.S. and Global economics; involving math problems -
**Ms. Sue**, Monday, November 11, 2013 at 11:55am2002:

9 * 500 = 4,500 pesos

5 * 200 = 1,000

4,500 - 1,000 = 3,500 pesos left

2006:

11 * 500 = 5,500 pesos

5 * 220 = 1,100

5,500 - 1,100 = 4,400 pesos left

- U.S. and Global economics; involving math problems -
**Mary**, Monday, November 11, 2013 at 12:14pmthx

- U.S. and Global economics; involving math problems -
**Ms. Sue**, Monday, November 11, 2013 at 12:48pmYou're welcome.

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