grandmother

Question

When your grandmother gets out of the hospital she is so excited that she gave you some money. You decide to go to Canada where the exchange rate is 1.06 Canadian dollars to 1 US dollar as of November 2013. You have $10,000 US to take with you. What is the equivalent value in Canadian dollars?

Answer 1

The exchange from U.S to Canadian dollars is 1:1.06

 

$US = 1.06($C)

 

$10000 = 1.06(10000) = 10,600 Canadian dollars