Asked by Amina Shermatova on Jul 04, 2024

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An American consumer wants to buy a Swiss watch.The exchange rate is 1USD=0.89 CHF(Swiss Francs) .The watch costs 100 Swiss Francs.How much would it cost him in dollars?​

A) ​$89
B) $112.36
C) $100
D) ​$160.82

Exchange Rate

The value of one currency for the purpose of conversion to another, determining how much one currency is worth in terms of another.

  • Compute the value of merchandise in one currency, considering the exchange rate and its price in a different currency.
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BG
Bailey GrgurichJul 05, 2024
Final Answer :
B
Explanation :
Since the exchange rate is 1 USD= 0.89 CHF, we need to multiply the cost of the watch (100 CHF) by the exchange rate:

100 CHF x 1 USD/0.89 CHF = $112.36

Therefore, the answer is B.