Question
WEEK 16. DAY 1 Trip to Canada
Cam’s family took a trip from his home
in Utah to Canada. Cam discovered
that a Canadian dollar not only looked
different but also had a different value
from the American dollar!
When Cam’s parents exchanged
American dollars into Canadian dollars,
they received
much was 1 American dollar worth
in Canadian dollars that day?
Cam’s family took a trip from his home
in Utah to Canada. Cam discovered
that a Canadian dollar not only looked
different but also had a different value
from the American dollar!
When Cam’s parents exchanged
American dollars into Canadian dollars,
they received
much was 1 American dollar worth
in Canadian dollars that day?
Ask by Ball Smith. in the United States
Jan 20,2025
Upstudy AI Solution
Tutor-Verified Answer
Answer
1 American dollar was worth approximately 1.32 Canadian dollars that day.
Solution
To determine how much 1 American dollar (USD) was worth in Canadian dollars (CAD) on the day Cam’s family exchanged their money, you can use the following steps:
-
Understand the Given Information:
- Amount in USD: $100
- Amount Received in CAD: $132.25
-
Set Up the Conversion Rate Formula:
-
Plug in the Values:
-
Interpret the Result:
- 1 American dollar (USD) was worth 1.3225 Canadian dollars (CAD) that day.
-
Rounded to a Common Format (Optional):
-
It’s common to round exchange rates to four decimal places:
-
So, approximately $1 USD = $1.32 CAD.
-
Conclusion:
On that day, 1 American dollar was worth approximately 1.32 Canadian dollars.
Answered by UpStudy AI and reviewed by a Professional Tutor
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Cam’s family found out that when they exchanged
Cam’s adventure also emphasizes how exchange rates fluctuate daily based on various factors like economy, trade relations, and geopolitical events. If you ever travel or deal in multiple currencies, it’s always wise to check the latest rates before making any exchanges, as it can greatly impact your spending power and help you avoid paying extra!
