how many dollars will I receive if I exchage 42.7 pesos at the rate of 5.30= 11.1 pesos?
To determine how many dollars you will receive, you need to divide the amount of pesos by the exchange rate. In this case, the exchange rate is 5.30 pesos to 11.1 pesos.
First, divide the amount of pesos by the exchange rate:
42.7 pesos / (5.30 pesos / 11.1 pesos)
To simplify the calculation, we can cancel out the "pesos" units:
42.7 / (5.30 / 11.1)
Next, divide 5.30 by 11.1:
42.7 / 0.477
Now, perform the division:
89.574
Rounding to two decimal places, you will receive approximately 89.57 dollars if you exchange 42.7 pesos at the given exchange rate.